New York-listed International Seaways absorbed a fourth-quarter loss that was larger than analyst expectations, largely on weaker earnings from its crude fleet.
The Lois Zabrocky-led tanker owner also guided for weak numbers in the current quarter with a majority of bookings done, with crude rates picking up some and clean-products figures trailing the fourth-quarter performance.
International Seaways took a fourth-quarter loss of of $14.56m,
