International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. It operates in two segments, Crude Tankers and Product Carriers. As of December 31, 2021, the company owned and operated a fleet of 83 vessels, which include 12 chartered-in vessels, as well as had ownership interests in two floating storage and offloading service vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. International Seaways, Inc. was incorporated in 1999 and is headquartered in New York, New York.
International Seaways (INSW) was founded in 1975 as Marine Transport Lines, Inc. (MTL). MTL was originally established in 1948 as a contract carrier of fuel oil and other petroleum products and remained primarily a product tanker operator until 2003. In 2003, MTL acquired Overseas Shipholding Group (OSG)'s international product tanker business, transforming MTL from a regional carrier to a global competitor in the international tanker shipping market.
To provide safe, reliable, efficient, and most of all responsible services to our customers, as well as our responsibility to protect the environment and promote sustainability.
As an industry leader, International Seaways' vision is to be globally recognized for excellence in customer service and safety, providing value promotion and outstanding stockholder returns.
Mr. Derek G. Solon (Sr. VP & Chief Commercial Officer)
Mr. William F. Nugent (Sr. VP & Head of Ship Operations)
Mr. David Siever (Head of Chartering & Investor Relations)
Mr. Adewale O. Oshodi (VP & Controller)
Recognition and Awards
International Seaways has earned numerous awards for its commitment to safety and customer service in the maritime industry, including the U.S. Coast Guard's Meritorious Public Service Award and OSG's Best Corporate Citizen Award.