Announced earlier today - Yowzah! Very impressive TCE avg for each vessel category, which translates to overall fleet, and the resulting Q1 div ($4.55/sh).
Q2 2026 looks even more impressive with TCE over $102K daily with about 40% done.
Two more newbuilds delivered in Q1 2026, and two more left to deliver the next two quarters. INSW sold 2 VLCCs and 5 MR2s in Q1 2026. In the earning call, INSW mgmt mentioned that the high rates earned by MR2s is a hinderance to sales at the current time. If an older MR2 is earning $60K - $70K daily, why would any tanker owner look to sell?