International Seaways, Inc. Announces Board Changes
February 20, 2024 at 05:01 pm
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On February 19, 2024, Mr. Nadim Qureshi resigned from the Board of Directors (the Board") of International Seaways, Inc. (the Company") with immediate effect. Following Mr. Qureshi's resignation, Ms. Kate Blankenship, a current director, was appointed as a member of the Human Resources and Compensation Committee of the Board.
International Seaways, Inc. is a tanker company engaged in providing energy transportation services for crude oil and petroleum products in international flag markets. The Company operates through two segments: Crude Tankers and Product Carriers. The Crude Tankers segment is made up of a fleet of VLCCs, Suezmaxes, and Aframaxes engaged in the worldwide transportation of crude oil. This segment also includes its Crude Tankers Lightering business through which it provides ship-to-ship (STS) lightering support services and full-service STS lightering to customers in the United States Gulf (USG), United States Pacific, Grand Bahama, and Panama regions. The Product Carriers segment consists of a fleet of MRs, LR1 product carriers, and an LR2 product carrier engaged in the worldwide transportation of refined petroleum products. It owns and operates a fleet of about 77 vessels, including 13 VLCCs, 13 Suezmaxes, five Aframaxes/LR2s, 11 LR1s, of which four are new buildings, and 35 MR tankers.