International Seaways Reports Strong Third Quarter Earnings

International Seaways reported strong third-quarter earnings, declaring a $5.05-per-share dividend. They achieved a net income of $344 million, or $6.90 per share, and booked over half of their fourth-quarter revenue days at rates above $172,000 per day. With $454 million in cash at the end of the quarter, the company is in a solid position moving forward.