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Home / Shipping News / International Shipping News / International Seaways Reports First Quarter Net Loss of $13.4 Million as the Company Prepares to Merge With Diamond S. Shipping International Seaways Reports First Quarter Net Loss of $13.4 Million as the Company Prepares to Merge With Diamond S. Shipping International Seaways, Inc., one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products yesterday reported results for the first quarter of 2021. Highlights Net loss for the three months ended March 31, 2021 was $13.4 million, or $0.48 per diluted share, compared to net income of $33.0 million, or $1.12 per diluted share, in the first quarter of 2020. ....
International Seaways Reports Fourth Quarter and Full Year 2020 Results | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
International Seaways Reports Fourth Quarter and Full Year 2020 Results Read full article Oops! International Seaways, Inc. (NYSE: INSW) (the Company or INSW ), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets, today reported results for the fourth quarter and full year 2020. Highlights Net loss for the twelve months ended December 31, 2020 was $5.5 million, or $0.20 per diluted share. Net loss for 2020 reflects the impact of impairments and loss on sale of vessels of $100.1 million and various expenses related to refinancing of $14.5 million, and a non-cash deferred tax provision of $16.4 million recorded as a reduction of equity in results of the FSO (Floating Storage Offloading) joint ventures, principally related to the extension of their service contracts. Net income excluding these items would have been $125.2 million, or $4.39 per diluted share. ....