International Seaways, INC 8-K filings

International Seaways acquired two product carriers for cash and shares, issuing 210,130 common shares in a private placement to Wayzata Opportunities Fund III, L.P.

International Seaways announced robust first quarter 2024 results, highlighted by a net income of $144.5 million and a substantial dividend declaration.

International Seaways, Inc. acquired two product carriers and issued 217,088 shares of common stock in a private placement as part of a larger acquisition agreement.

International Seaways has finalized a $500 million revolving credit facility, replacing its previous $750 million facility and extending its debt maturity to 2030.

International Seaways will nominate two new independent directors, Kristian K. Johansen and Darron M. Anderson, to its Board of Directors at the upcoming Annual Meeting, while Joseph I. Kronsberg will retire.

International Seaways has approved salary increases for its top executives, effective retroactively from January 1, 2024.

International Seaways reported record annual earnings for 2023, driven by strong tanker market conditions, and announced significant shareholder returns through dividends and share repurchases.

Nadim Qureshi resigned from the Board of Directors of International Seaways, effective immediately, and the board size was reduced to nine members.