International Seaways Inc 2026年季度报告

OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15 (d)OF THE SECURITIES EXCHANGE ACT OF 1934 INTERNATIONAL SEAWAYS, INC.(Exact name of registrant as specified in its charter) Marshall Islands98-0467117(State or other jurisdiction ofincorporation or organization)(I.R.S. Employer Identification Number) 600 Third Avenue, 39thFloor, New York, New York10016(Address of principal executive offices)(Zip Code) Registrant’s telephone number, including area code: 212-578-1600 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrantwas required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reportingcompany”, and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ APPLICABLE ONLY TO CORPORATE ISSUERS Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practical date. The number ofshares outstanding of the issuer’s common stock as ofMay 5, 2026: common stock, no par value, 49,504,696 shares. INTERNATIONAL SEAWAYS,INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSDOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS(UNAUDITED) INTERNATIONAL SEAWAYS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) Note1— Basis of Presentation: The accompanying unaudited condensed consolidated financial statements include the accounts of InternationalSeaways,Inc. (“INSW”), a Marshall Islands corporation, and its wholly-owned subsidiaries. Unless the contextindicates otherwise, references to “INSW”, the “Company”, “we”, “us” or “our”, refer to International Seaways,Inc.and its subsidiaries. As of March 31, 2026, the Company’s operating fleet consisted of 64 wholly-owned or leasefinanced and time chartered-in oceangoing vessels, engaged primarily in the transportation of crude oil and refinedpetroleum products in the International Flag trade through its wholly-owned subsidiaries. In addition to our operatingfleet, three LR1 newbuilds are scheduled for delivery to the Company between the second and third quarter of 2026,bringing the total operating and newbuild fleet to 67 vessels. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance withgenerally accepted accounting principles for interim financial information and with the instructions to Form10-Q andArticle10 of Regulation S-X. They do not include all of the information and notes required by generally acceptedaccounting principles in the United States. In the opinion of management, all adjustments (consisting of normalrecurring accruals) considered necessary for a fair presentation of the results have been included. Operating results forthe three months ended March 31, 2026 are not necessarily indicative of the results that may be expected for theyearending December31, 2026. The condensed consolidated balance sheet as of December31, 2025 has been derived from the audited financialstatements at that date but does not include all of the information and notes required by generally accepted accountingprinciples in the United States for complete financial statements. For further information, refer to the consolidatedfinancial statements and notes thereto included in the Company’s Annual Report on Form10-K for theyear endedDecember31, 2025. All intercompany balances and transactions within INSW have been eliminated. Risks and Uncertainties The unaudited condensed consolidated financial statements presented herein reflect estimates and assumptions madeby management at March 31, 2026. These estimates and assumptions affect, among other things, the Company’s long-lived asset valuations; freight and other income tax contingencies; and the allowance for expected credit losses. Eventsand changes in circumstances arising after May 7, 2026, includi