International Seaways Inc. Interest Expense (Operating)

Interest Expense (Operating) of INSW for past 10 years: annual, quarterly and twelve month trailing (TTM) including Interest Expense (Operating) growth rates and interactive chart.


Highlights and Quick Summary

  • Interest Expense (Operating) for the quarter ending December 30, 2020 was $9.59 Million (a 82.77% increase compared to previous quarter)
  • Year-over-year quarterly Interest Expense (Operating) decreased by -32.74%
  • Annual Interest Expense (Operating) for 2020 was $32.1 Million (a -49.78% decrease from previous year)
  • Annual Interest Expense (Operating) for 2019 was $63.8 Million (a 6.87% increase from previous year)
  • Annual Interest Expense (Operating) for 2018 was $59.7 Million (a 45.29% increase from previous year)
  • Twelve month Interest Expense (Operating) ending December 30, 2020 was $36.6 Million (a -3.52% decrease compared to previous quarter)
Trailing Interest Expense (Operating) for the last four month:
30 Dec '20 29 Sep '20
$36.6 Million $37.9 Million
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Historical Interest Expense (Operating) of International Seaways Inc.

Most recent Interest Expense (Operating)of INSW including historical data for past 10 years.

Interactive Chart of Interest Expense (Operating) of International Seaways Inc.

International Seaways Inc. Interest Expense (Operating) for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $9.59 $5.25 $7.46 $14.26 $32.06
2019 $10.92 $63.84
2018 $59.74
2017 $41.12
2016 $38.96

Business Profile of International Seaways Inc.

Sector: Industrials
Industry: Marine Shipping
International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trade. It operates through two segments, Crude Tankers and Product Carriers. As of March 12, 2021, the company owned and operated a fleet of 36 vessels, including 11 very large crude carriers, 2 Suezmaxes, 4 Aframaxes/LR2s, 13 Panamaxes/LR1s, and 4 medium range tankers, as well as had ownership interests in two floating storage and offloading service vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. The company was incorporated in 1999 and is headquartered in New York, New York.