International Seaways Announces Sale of Ownership Interest in LNG Joint Venture
International Seaways, Inc. (INSW)
Last international seaways, inc. earnings: 3/3 06:00 am
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Source: Business Wire
Transaction Strengthens International Seaways’ Balance Sheet and Furthers Capital Allocation Strategy NEW YORK--(BUSINESS WIRE)--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, announced today that the Company has sold its 49.9% ownership interest in its joint venture with Qatar Gas Transport Company Ltd. (Nakilat), which owns four liquefied natural gas (“LNG”) carriers to Nakilat for $123 million in cash.“Nakilat and INSW worked in partnership to conclude this transaction, demonstrating the high level of teamwork the companies have shared for over 15 years,” said Lois K. Zabrocky, International Seaways’ President and CEO. “Nakilat continues to be a very valued INSW partner and remains an important part of our ongoing commitment to our business relationships in Qatar. By monetizing our interest in the joint ve
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News
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- International Seaways, Inc. (NYSE: INSW) had its "buy" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $66.00 price target on the stock.MarketBeat
INSW
Earnings
- 11/7/24 - Beat
INSW
Sec Filings
- 11/18/24 - Form 4
- 11/15/24 - Form 144
- 11/12/24 - Form SC
- INSW's page on the SEC website