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Stock impact report

International Seaways Reports Second Quarter 2018 Results

International Seaways, Inc. (INSW) 
Last international seaways, inc. earnings: 3/3 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: intlseas.com/corporateprofile
Company Research Source: Business Wire
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 in International Flag markets, today reported results for the second quarter 2018. Highlights Net loss for the second quarter was $18.8 million, or $0.65 per share, compared to net loss of $11.6 million, or $0.40 per share, in the second quarter of 2017. The net loss for the second quarter of 2018 includes a $6.7 million gain from the sale of vessels, net of impairments and $4.9 million of charges related to an amendment of the Company’s existing credit facility. Net loss for the second quarter of 2018 excluding these items was $20.6 million, or $0.71 per share. Time charter equivalent (TCE) revenues(A) for the second quarter were $50.0 mill Show less Read more
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