International Seaways (INSW) Responds to Famatown

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International Seaways Issues Statement in Response to Famatown

September 2, 2022 6:45 AM EDT

NEW YORK--(BUSINESS WIRE)-- International Seaways, Inc. (NYSE: INSW) (the Company or INSW), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today issued the following statement:

International Seaways is singularly focused on delivering value to our shareholders, and the record earnings we recently announced are evidence that our strategy is yielding results. We engage regularly with our shareholders and, since Famatown disclosed its interest in International Seaways, we have been seeking to work with Famatown constructively.

We remain firmly committed to acting in the... More