International Seaways (INSW) announced their Q2 2026 results earlier today (08/10/26).
- Rev of $467.29M
- Adj EBITDA $345M
- Net Income $295M
- Declared div of $5.05/sh for Q2 2026
- Placed order for 4 new LR1s for $244M ($61M each, delivery H2 2028)
- Establishing Suezmax pool
INSW is a well managed company. That said, across their various vessel sizes, some were good but not great e.g. VLCCs @ $118K. I did like the rates on the smaller categories - LR1s and MR2s. Nice price on the LR1s