International Seaways, Inc. Q4 2025 Earnings Call Summary

Net income of $128 million for Q4 2025 was driven by the return of VLCCs as the leading tanker earnings segment, balancing crude and product revenue. Management attributed the robust rate environment to geopolitical tensions, including EU restrictions on refined Russian products and upheaval in Venezuela. The company executed a strategic fleet renewal by disposing of 10 older vessels (average age 18) for $131 million and acquiring a modern, scrubber-fitted VLCC for $119 million. Operational efficien ...