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International Seaways, Inc., one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today reported results for the second quarter of 2021. Highlights Subsequent to the end of the quarter, INSW completed the previously announced merger with Diamond S Shipping Inc. (NYSE: DSSI), creating the largest U.S.-listed diversified . ....
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. ....
Owning bitcoin slightly better than holding cash, says Elon Musk Bitcoin was steady just below a record peak of $51,284 on Friday Reuters | February 19, 2021 | Updated 14:54 IST Tesla Inc CEO Elon Musk Tesla Inc CEO Elon Musk on Thursday said that owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold. However, when fiat currency has negative real interest, only a fool wouldn t look elsewhere, Musk said in a tweet. Bitcoin is almost as bs as fiat money. The key word is almost . He also defended Tesla s action to invest in bitcoin, saying that the difference with cash made it adventurous enough for the S&P 500 company to hold the cryptocurrency. ....
Valero Energy reports 2020 fourth quarter and full year results and declares regular cash dividend on common stock Reported a net loss attributable to Valero stockholders of $359 million, or $0.88 per share, for the fourth quarter and $1.4 billion, or $3.50 per share, for the year. Reported an adjusted net loss attributable to Valero stockholders of $429 million, or $1.06 per share, for the fourth quarter and $1.3 billion, or $3.12 per share, for the year. Returned $400 million in cash to stockholders through dividends in the fourth quarter and $1.8 billion through dividends and stock buybacks in the year. Declared a regular quarterly cash dividend of $0.98 per share. Completed and started up the St. Charles Alkylation unit on schedule and under budget. ....