7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2019-12-31 2018-12-31 2017-12-31 2016-12-31 
      
    		                          
      assets
    		                          
      current assets:
    		                          
      cash and cash equivalents
    		412,569,000 148,807,000 132,769,000 157,506,000 103,309,000 176,141,000 139,501,000 126,760,000 138,976,000 116,023,000 156,220,000 243,744,000 174,465,000 230,666,000 74,553,000 97,883,000 108,897,000 117,391,000 156,178 199,390,000 137,340 128,063 89,671,000 58,313,000 60,027,000 92,001,000 
      voyage receivables, net of allowance for credit losses of 90 and 86
    		                          
      including unbilled receivables of 145,726 and 181,211
    		155,017,000                          
      other receivables
    		13,656,000 19,734,000 15,711,000 13,771,000 15,682,000 16,785,000 11,887,000 14,303,000 11,285,000 12,840,000 11,559,000 12,583,000 7,891,000 6,779,000 7,368,000 5,651,000 4,320,000 6,324,000 7,469 4,479,000 4,702 5,003 3,938,000 5,246,000 4,411,000 5,302,000 
      inventories
    		577,000 522,000 573,000 1,875,000 378,000 1,850,000 593,000 1,329,000 1,143,000 629,000 698,000 531,000 873,000 804,000 2,335,000 2,110,000 2,578,000 2,103,000 2,271 3,601,000 1,400 1,878 3,896,000 3,066,000 3,270,000 1,338,000 
      prepaid expenses and other current assets
    		9,396,000 11,881,000 15,615,000 15,570,000 9,721,000 12,228,000 15,086,000 10,342,000 11,567,000 15,079,000 16,491,000 8,995,000 11,379,000 14,086,000 16,558,000 11,759,000 9,611,000 6,365,000 9,380 6,002,000 5,372 6,412 5,994,000 5,912,000 5,897,000 5,350,000 
      current portion of derivative asset
    		753,000 1,240,000 1,594,000 2,080,000 2,087,000 4,532,000 5,049,000 5,081,000 7,092,000 7,595,000 6,274,000 6,987,000 4,801,000 763,000 2,061,000         460,000   
      total current assets
    		591,968,000 332,394,000 326,614,000 376,323,000 372,270,000 434,615,000 490,071,000 464,980,000 473,875,000 559,681,000 562,600,000 642,615,000 509,550,000 435,003,000 246,488,000 224,499,000 228,781,000 212,310,000 221,400 256,834,000 220,245 242,232 187,344,000 167,620,000 131,792,000 170,909,000 
      vessels and other property, less accumulated depreciation of 246,413 and 466,356
    		1,947,662,000                          
      vessels construction in progress
    		75,434,000 62,734,000 52,565,000 37,020,000 24,401,000 12,137,000 11,905,000 11,670,000   85,662,000 123,940,000 101,701,000 71,036,000 60,034,000 49,291,000 29,375,000 14,606,000         
      deferred drydock expenditures
    		101,484,000 101,554,000 88,532,000 90,209,000 82,628,000 79,184,000 72,884,000 70,880,000 72,314,000 69,887,000 72,874,000 65,611,000 64,013,000 57,592,000 60,473,000 55,753,000 44,170,000 39,405,000 38,150 36,334,000 28,785 28,115 23,125,000 16,773,000 30,528,000 30,557,000 
      operating lease right-of-use assets
    		9,860,000 12,462,000 16,917,000 21,229,000 12,295,000 14,778,000 17,195,000 20,391,000 22,738,000 6,308,000 7,085,000 8,471,000 18,069,000 20,917,000 23,425,000 23,168,000 21,992,000 16,999,000 19,157 21,588,000 24,013 26,386 33,718,000    
      pool working capital deposits
    		33,859,000 35,859,000 37,316,000 35,372,000 33,794,000 33,238,000 33,998,000 31,748,000 33,501,000 32,521,000 34,076,000                
      long-term derivative asset
    		36,000 99,000 291,000  214,000 1,888,000 2,213,000  4,520,000 4,462,000 2,138,000  6,252,000  5,959,000  7,318,000 6,526,000  2,129,000 973   704,000   
      other assets
    		29,275,000 16,596,000 17,081,000 25,232,000 16,913,000 17,322,000 32,360,000 6,571,000 6,334,000 5,158,000 9,441,000 9,220,000 13,374,000 14,906,000 12,036,000 7,700,000 3,565,000 7,519,000 5,857 3,229,000 2,925 3,156 2,934,000 5,056,000 2,856,000 2,324,000 
      total assets
    		2,789,578,000 2,523,215,000 2,542,397,000 2,636,397,000 2,587,846,000 2,674,670,000 2,551,422,000 2,521,819,000 2,561,022,000 2,655,656,000 2,571,530,000 2,615,334,000 2,459,903,000 2,364,241,000 2,366,593,000 2,346,780,000 2,441,833,000 1,518,865,000 1,552,052 1,586,539,000 1,712,313 1,758,956 1,753,501,000 1,848,601,000 1,664,484,000 1,662,521,000 
      ​
    		1,944,231,000 1,909,925,000 1,877,663,000 1,863,909,000 1,883,853,000 1,888,852,000 1,795,190,000 1,717,820,000 1,644,918,000 1,614,519,000 1,554,381,000 1,480,788,000 1,317,999,000 1,230,437,000 1,166,267,000 1,182,108,000 1,234,256,000 970,371,000 990,157 1,004,655,000 1,121,854 1,108,134     
      liabilities and equity
    		                          
      current liabilities:
    		                          
      accounts payable, accrued expenses and other current liabilities
    		49,607,000 55,008,000 56,234,000 66,264,000 45,796,000 52,118,000 42,046,000 57,904,000 42,850,000 47,044,000 53,197,000 51,069,000 45,593,000 38,237,000 56,116,000 44,964,000 49,087,000 29,453,000 24,547 34,425,000 27,355 29,424 27,554,000 22,974,000 22,805,000 38,237,000 
      current portion of operating lease liabilities
    		5,617,000 7,874,000 12,027,000 14,617,000 7,673,000 10,017,000 10,169,000 10,223,000 9,784,000 452,000 430,000 1,596,000 8,323,000 9,875,000 10,767,000 8,393,000 6,714,000 7,226,000 7,781 8,867,000 9,949 10,411 12,958,000    
      current installments of long-term debt
    		282,489,000 287,451,000 50,180,000 50,054,000 49,823,000 49,598,000 127,535,000 127,447,000 134,703,000 199,785,000 155,525,000 162,854,000 166,965,000 160,790,000 178,391,000 178,715,000 220,805,000 61,483,000 61,483 61,483,000 61,483 81,483 70,350,000 51,555,000 24,063,000 6,183,000 
      total current liabilities
    		337,713,000 350,333,000 118,441,000 130,935,000 103,292,000 111,733,000 179,750,000 195,574,000 187,337,000 247,281,000 227,478,000 257,389,000 220,881,000 208,902,000 245,274,000 234,611,000 280,937,000 102,112,000 97,727 108,896,000 102,822 130,545 114,476,000 75,270,000 47,235,000 45,103,000 
      long-term operating lease liabilities
    		6,206,000 6,598,000 6,947,000 8,715,000 6,773,000 6,958,000 9,270,000 11,631,000 14,021,000 7,539,000 7,738,000 7,740,000 8,087,000 9,172,000 10,814,000 12,522,000 13,113,000 7,541,000 8,916 10,253,000 11,593 13,504 17,953,000    
      long-term debt
    		509,527,000 259,804,000 544,730,000 638,353,000 600,689,000 663,054,000 564,203,000 595,229,000 706,999,000 778,266,000 777,154,000 860,578,000 900,509,000 912,900,000 943,032,000 926,270,000 887,673,000 444,566,000 459,451 474,332,000 489,194 523,414 590,745,000 759,112,000 528,874,000 433,468,000 
      other liabilities
    		2,345,000 6,701,000 3,430,000 2,346,000 2,462,000 5,489,000 3,309,000 2,628,000 2,588,000 2,296,000 1,877,000 1,875,000 1,594,000 1,590,000 2,023,000 2,288,000 12,701,000 13,410,000 14,129 14,861,000 15,986 1,249 1,489,000 2,442,000 2,721,000 4,438,000 
      total liabilities
    		855,791,000 623,436,000 673,548,000 780,349,000 713,216,000 787,234,000 756,532,000 805,062,000 910,945,000 1,035,382,000 1,014,247,000 1,127,582,000 1,131,071,000 1,133,093,000 1,201,143,000 1,176,448,000 1,197,102,000 571,411,000 584,289 614,497,000 625,795 686,903 731,208,000 838,746,000 578,830,000 483,009,000 
      commitments and contingencies
    		                          
      equity:
    		                          
      capital - 100,000,000 no par value shares authorized; 49,371,469 and 49,194,458
    		                          
      shares issued and outstanding
    		1,505,459,000 1,503,687,000 1,503,451,000 1,504,767,000 1,501,503,000 1,524,400,000 1,488,531,000 1,490,986,000 1,489,041,000 1,487,151,000 1,501,516,000 1,502,235,000 1,557,875,000 1,583,740,000 1,588,606,000 1,591,446,000 1,609,602,000 1,278,365,000 1,279,368 1,280,501,000 1,280,811 1,281,072 1,313,178,000    
      retained earnings
    		438,772,000 406,238,000 374,212,000 359,142,000 382,350,000 364,452,000 306,659,000                    
      accumulated other comprehensive loss
    		-10,444,000 -10,146,000 -8,814,000 -7,861,000 -9,223,000 -1,416,000 -300,000        -1,401,000 -12,360,000 -19,477,000 -22,917,000 -22,394 -32,613,000 -35,336 -36,081 -20,570,000 -29,929,000 -40,407,000 -52,267,000 
      total equity
    		1,933,787,000 1,899,779,000 1,868,849,000 1,856,048,000 1,874,630,000 1,887,436,000 1,794,890,000 1,716,757,000 1,650,077,000 1,620,274,000 1,557,283,000 1,487,752,000 1,328,832,000 1,231,148,000 1,165,450,000 1,170,332,000 1,244,731,000 947,454,000 967,763 972,042,000 1,086,518 1,072,053 1,022,293,000 1,009,855,000 1,085,654,000 1,179,512,000 
      total liabilities and equity
    		2,789,578,000 2,523,215,000 2,542,397,000 2,636,397,000 2,587,846,000 2,674,670,000 2,551,422,000 2,521,819,000 2,561,022,000 2,655,656,000 2,571,530,000 2,615,334,000 2,459,903,000 2,364,241,000 2,366,593,000 2,346,780,000 2,441,833,000 1,518,865,000 1,552,052 1,586,539,000 1,712,313 1,758,956 1,753,501,000 1,848,601,000 1,664,484,000 1,662,521,000 
      voyage receivables, net of allowance for credit losses of 71 and 86
    		                          
      including unbilled receivables of 144,116 and 181,211
    		 150,210,000                         
      vessels and other property, less accumulated depreciation of 336,451 and 466,356
    		 1,961,517,000                         
      capital - 100,000,000 no par value shares authorized; 49,366,276 and 49,194,458
    		                          
      voyage receivables, net of allowance for credit losses of 86 and 86
    		                          
      including unbilled receivables of 154,389 and 181,211
    		  160,352,000                        
      vessels and other property, less accumulated depreciation of 313,141 and 466,356
    		  2,003,081,000                        
      capital - 100,000,000 no par value shares authorized; 49,287,457 and 49,194,458
    		                          
      short-term investments
    		    50,000,000  75,000,000 60,000,000 75,000,000 120,000,000 105,000,000 80,000,000 80,000,000              
      voyage receivables, net of allowance for credit losses of 86 and 191,
    		                          
      including unbilled of 181,211 and 237,298
    		   185,521,000                       
      vessels and other property, less accumulated depreciation
    		   2,050,211,000    1,914,426,000    1,680,010,000    1,802,850,000    1,108,214,000   1,292,516,000 1,330,795,000 1,104,727,000 1,100,050,000 
      long-term derivative assets
    		   801,000    1,153,000    4,662,000    1,296,000   8,642        
      capital - 100,000,000 no par value shares authorized; 49,194,458 and 48,925,562
    		                          
      voyage receivables, net of allowance for credit losses of 190 and 191
    		                          
      including unbilled receivables of 185,262 and 237,298
    		    191,093,000                      
      vessels and other property, less accumulated depreciation of 502,936 and 427,274
    		    2,045,331,000                      
      capital - 100,000,000 no par value shares authorized; 49,192,838 and 48,925,562
    		                          
      voyage receivables, net of allowance for credit losses of 223 and 191
    		                          
      including unbilled receivables of 216,523 and 237,298
    		     223,079,000                     
      vessels and other property, less accumulated depreciation of 476,288 and 427,274
    		     2,081,508,000                     
      capital - 100,000,000 no par value shares authorized; 49,674,286 and 48,925,562
    		                          
      voyage receivables, net of allowance for credit losses of 238 and 191
    		                          
      including unbilled receivables of 234,260 and 237,298
    		      242,955,000                    
      vessels and other property, less accumulated depreciation of 452,717 and 427,274
    		      1,890,796,000                    
      capital - 100,000,000 no par value shares authorized; 48,999,765 and 48,925,562
    		                          
      voyage receivables, net of allowance for credit losses of 191 and 261,
    		                          
      including unbilled of 237,298 and 279,567
    		       247,165,000                   
      finance lease right-of-use assets
    		          22,001,000 44,391,000               
      current portion of finance lease liabilities
    		          18,326,000 41,870,000               
      capital - 100,000,000 no par value shares authorized; 48,925,562 and 49,120,648
    		                          
      retained earnings/
    		       226,834,000 155,877,000 127,368,000 52,865,000                
      accumulated other comprehensive (loss)/income
    		       -1,063,000                   
      voyage receivables, net of allowance for credit losses of 129 and 261
    		                          
      including unbilled receivables of 212,340 and 279,567
    		        219,827,000                  
      vessels held for sale
    		        8,985,000      23,148,000   29,146,000         
      vessels and other property, less accumulated depreciation of 404,280 and 331,903
    		        1,947,740,000                  
      capital - 100,000,000 no par value shares authorized; 48,893,133 and 49,120,648
    		                          
      accumulated other comprehensive income
    		        5,159,000 5,755,000 2,902,000                
      voyage receivables, net of allowance for credit losses of 56 and 261
    		                          
      including unbilled receivables of 234,392 and 279,567
    		         241,088,000                 
      advance payment on debt
    		         46,427,000                 
      vessels and other property, less accumulated depreciation of 378,341 and 331,903
    		         1,977,639,000                 
      capital - 100,000,000 no par value shares authorized; 48,889,609 and 49,120,648
    		                          
      restricted cash
    		          18,329,000  1,060,000 1,054,000 1,051,000 1,050,000 6,517,000 16,173,000 16,223 16,287,000 16,314 16,398 60,572,000 59,331,000 10,579,000  
      voyage receivables, net of allowance for credit losses of 123 and 261
    		                          
      including unbilled receivables of 238,212 and 279,567
    		          248,029,000                
      vessels and other property, less accumulated depreciation of 353,314 and 331,903
    		          1,775,653,000                
      capital - 100,000,000 no par value shares authorized; 49,171,314 and 49,120,648
    		                          
      voyage receivables, net of allowance for credit losses of 261 and 31,
    		                          
      including unbilled of 279,567 and 100,137
    		           289,775,000               
      investments in and advances to affiliated companies
    		           36,414,000 38,109,000 39,832,000 183,361,000 180,331,000 177,402,000 149,580,000 144,770 141,924,000 156,589 155,191 153,292,000 268,322,000 378,894,000 358,681,000 
      time charter contracts acquired
    		             159,000 502,000 842,000 3,125,000          
      current portion of derivative liabilities
    		               2,539,000   3,916        
      long-term portion of derivative liabilities
    		               757,000           
      capital - 100,000,000 no par value shares authorized; 49,120,648 and 49,612,019
    		                          
      accumulated deficit
    		           -21,447,000 -239,876,000 -353,303,000 -422,339,000 -409,338,000 -375,346,000 -307,994,000 -289,211 -275,846,000 -158,957 -172,938 -270,315,000 -269,485,000 -180,545,000  
      accumulated other comprehensive income/
    		           6,964,000 10,833,000 127,000             
      total equity before noncontrolling interest
    		           1,487,752,000    1,169,748,000           
      noncontrolling interest
    		               584,000           
      voyage receivables, net of allowance for credit losses of 161 and 31
    		                          
      including unbilled receivables of 225,857 and 100,137
    		            230,141,000              
      vessels and other property, less accumulated depreciation of 310,096 and 249,336
    		            1,707,775,000              
      current portion of derivative liability
    		                4,331,000 3,950,000  4,121,000 4,035 9,227 3,614,000 707,000   
      long-term derivative liability
    		             529,000   2,678,000 3,782,000   6,200 18,191     
      capital - 100,000,000 no par value shares authorized; 49,058,615 and 49,612,019
    		                          
      total equity before noncontrolling interests
    		            1,328,832,000 1,230,564,000 1,164,866,000  1,214,779,000          
      noncontrolling interests
    		             584,000 584,000  29,952,000          
      voyage receivables, net of allowance for credit losses of 68 and 31
    		                          
      including unbilled receivables of 176,234 and 100,137
    		             181,905,000             
      vessels and other property, less accumulated depreciation of 287,846 and 249,336
    		             1,723,742,000             
      capital - 100,000,000 no par value shares authorized; 49,695,732 and 49,612,019
    		                          
      voyage receivables, net of allowance for credit losses of 27 and 31
    		                          
      including unbilled receivables of 113,633 and 100,137
    		              120,465,000            
      vessels and other property, less accumulated depreciation of 266,771 and 249,336
    		              1,773,264,000            
      capital - 100,000,000 no par value shares authorized; 49,641,506 and 49,612,019
    		                          
      voyage receivables, net of allowance for credit losses of 31 and 55,
    		                          
      including unbilled of 100,137 and 38,430
    		               107,096,000           
      capital - 100,000,000 no par value shares authorized; 49,612,019 and 28,014,877
    		                          
      voyage receivables, net of allowance for credit losses of 33 and 55
    		                          
      including unbilled receivables of 84,605 and 38,430
    		                96,858,000          
      vessels and other property, less accumulated depreciation of 230,623 and 186,084
    		                1,908,928,000          
      capital - 100,000,000 no par value shares authorized; 50,689,089 and 28,014,877
    		                          
      voyage receivables, net of allowance for credit losses of 95 and 55
    		                          
      including unbilled of 47,740 and 38,430
    		                 50,981,000         
      vessels and other property, less accumulated depreciation of 209,090 and 186,084
    		                 1,055,747,000         
      capital - 100,000,000 no par value shares authorized; 28,128,298 and 28,014,877
    		                          
      voyage receivables, net of allowance for credit losses of 93 and 55
    		                          
      including unbilled of 41,807 and 38,430
    		                  46,102        
      vessels and other property, less accumulated depreciation of 199,215 and 186,084
    		                  1,097,853        
      long-term derivative liabilities
    		                  4,066        
      capital - 100,000,000 no par value shares authorized; 28,055,890 and 28,014,877
    		                          
      voyage receivables, net of allowance for credit losses of 55 and 1,245,
    		                          
      including unbilled of 38,430 and 74,355
    		                   43,362,000       
      long-term portion of derivative liability
    		                   6,155,000   6,545,000 1,922,000   
      capital - 100,000,000 no par value shares authorized; 28,014,877 and 29,274,452
    		                          
      voyage receivables, net of allowance for credit losses of 46 and 1,245
    		                          
      including unbilled of 67,089 and 74,355
    		                    71,431      
      vessels and other property, less accumulated depreciation of 317,249 and 364,868
    		                    1,262,469      
      capital - 100,000,000 no par value shares authorized; 27,984,807 and 29,274,452
    		                          
      voyage receivables, net of allowance for credit losses of 62 and 1,245
    		                          
      including unbilled of 96,324 and 74,355
    		                     100,876     
      vessels and other property, less accumulated depreciation of 347,172 and 364,868
    		                     1,287,478     
      capital - 100,000,000 no par value shares authorized; 27,974,378 and 29,274,452
    		                          
      voyage receivables, including unbilled of 74,355 and 87,725
    		                      83,845,000    
      capital - 100,000,000 no par value shares authorized; 29,274,452 and 29,184,501
    		                          
      shipping revenues:
    		                          
      pool revenues, including 165,583, 94,441 and 39,572
    		                          
      from companies accounted for by the equity method
    		                      254,055,000    
      time and bareboat charter revenues
    		                      27,625,000    
      voyage charter revenues
    		                      84,504,000    
      operating expenses:
    		                          
      voyage expenses
    		                      26,265,000    
      vessel expenses
    		                      123,205,000    
      charter hire expenses
    		                      57,512,000    
      depreciation and amortization
    		                      75,653,000    
      general and administrative
    		                      26,798,000    
      benefit from credit losses
    		                      1,245,000    
      third-party debt modification fees
    		                      30,000    
      separation and transition costs
    		                          
      loss on disposal of vessels and other property, including impairments
    		                      308,000    
      total operating expenses
    		                      311,016,000    
      income/(loss) from vessel operations
    		                      55,168,000    
      equity in income of affiliated companies
    		                      11,213,000    
      operating income/
    		                      66,381,000    
      other income
    		                      -943,000    
      income/(loss) before interest expense and income taxes
    		                      65,438,000    
      interest expense
    		                      -66,267,000    
      income before income taxes
    		                      -829,000    
      income tax (provision)/benefit
    		                          
      net income
    		                      -830,000    
      weighted-average number of common shares outstanding:
    		                          
      basic and diluted
    		                      29,225,483,000    
      per share amounts:
    		                          
      basic and diluted net income per share
    		                      -30    
      voyage receivables, including unbilled of 87,725 and 54,701
    		                       94,623,000   
      vessel held for sale
    		                        5,108,000  
      total vessels, deferred drydock and other property
    		                       1,347,568,000 1,140,363,000 1,130,607,000 
      payable to osg
    		                       34,000 367,000 683,000 
      capital - 100,000,000 no par value shares authorized; 29,184,501 and 29,089,865 shares issued and outstanding
    		                       1,309,269,000   
      66
    		                          
      international seaways, inc.
    		                          
      voyage receivables, including unbilled of 54,701 and 61,416
    		                        58,187,000  
      capital - 100,000,000 no par value shares authorized; 29,089,865 and 29,189,454 shares issued and outstanding
    		                        1,306,606,000  
      57
    		                          
      voyage receivables, including unbilled of 61,416 and 71,200
    		                         66,918,000 
      common stock - 100,000,000 no par value shares authorized;29,189,454 shares issued and outstanding
    		                         29,825,000 
      paid-in additional capital
    		                         1,276,411,000 
      (accumulated deficit)/retained earnings
    		                         -74,457,000 
      56
    		                          
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.