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INSWBullishIndustry Newsnews
High materiality8/10

International Seaways: The Closest Way To Buy Tanker ETF And Collect Double-Digit Yields

Sep 16, 2024, 1:29 AM EDT1 sourcesAI-analyzed

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INSW's fleet is well-positioned for growing tonne-mile demand in tankers. The company maintains a healthy balance sheet with low LTV and high liquidity. INSW offers an attractive dividend yield of 11.8% amidst weak seasonal demand. Share buybacks enhance shareholder value, with $50 million program active until 2025. Market conditions suggest low risk of declining day rates in the near term.

  • INSW's fleet is well-positioned for growing tonne-mile demand in tankers.
  • The company maintains a healthy balance sheet with low LTV and high liquidity.
  • INSW offers an attractive dividend yield of 11.8% amidst weak seasonal demand.
  • Share buybacks enhance shareholder value, with $50 million program active until 2025.
  • Market conditions suggest low risk of declining day rates in the near term.

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