International Seaways, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 26, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| | Available Information | i |
|---|---|---|
| | Forward-Looking Statements | i |
| | Supplementary Financial Information | iii |
| | Glossary | iii |
| PART I | | |
| Item 1. | Business | 1 |
| | Our Business | 1 |
| | 2025 in Review | 1 |
| | Our Strategy | 2 |
| | Fleet Operations | 5 |
| | Human Capital Management and Employees | 9 |
| | Competition | 11 |
| | Environmental and Security Matters Relating to Bulk Shipping | 11 |
| | Inspection by Classification Societies | 21 |
| | Insurance | 21 |
| | Income Taxation of the Company | 22 |
| Item 1A. | Risk Factors | 23 |
| Item 1B. | Unresolved Staff Comments | 46 |
| Item 1C. | Cybersecurity | 47 |
| Item 2. | Properties | 50 |
| Item 3. | Legal Proceedings | 50 |
| Item 4. | Mine Safety Disclosures | 50 |
| | | |
| PART II | | |
| Item 5. | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 50 |
| Item 6. | Reserved | |
| Item 7. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 54 |
| Item 7A. | Quantitative and Qualitative Disclosures about Market Risk | 70 |
| Item 8. | Financial Statements and Supplementary Data | 71 |
| Item 9. | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 122 |
| Item 9A. | Controls and Procedures | 122 |
| Item 9B. | Other Information | 123 |
| | | |
| PART III | | |
| Item 10. | Directors, Executive Officers and Corporate Governance | 123 |
| Item 11. | Executive Compensation | 125 |
| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 125 |
| Item 13. | Certain Relationships and Related Transactions, and Director Independence | 125 |
| Item 14. | Principal Accounting Fees and Services | 125 |
| | | |
| PART IV | | |
| Item 15. | Exhibits, Financial Statement Schedules | 126 |
| Signatures | 133 |
References in this Annual Report on Form 10-K to the “Company”, “INSW”, “we”, “us”, or “our” refer to International Seaways, Inc. and, unless the context otherwise requires or otherwise is expressly stated, its subsidiaries.
A glossary of shipping terms (the “Glossary”) that should be used as a reference when reading this Annual Report on Form 10-K can be found immediately prior to Part I. Capitalized terms that are used in this Annual Report are either defined when they are first used or in the Glossary.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.