The outsize profits and shareholder returns keep on coming for International Seaways.
The Manhattan-based, New York-listed diversified tanker owner turned in another big quarter in the first three months of 2024, easily topping analyst expectations for net income and Ebitda while declaring a combined dividend of $1.75 per share.
It is also guiding to stronger second-quarter booking in its key VLCC and MR segments, while seeing marginally lower figures for suezmaxes, aframaxes and LR1s.
