International Seaways Sells Five Vessels for Approximately $185M
International Seaways announced that since the start of the year, it has sold or entered into agreements to sell five vessels for aggregate proceeds of approximately $185M, net of commissions and fees. The vessels are among the oldest in the fleet, consisting of three MRs with an average age of 18 years and two VLCCs with an average of 15 years. The company expects to close these transactions during the first quarter of 2026 and recognize gains from the vessel sales of approximately $65M.
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- Transaction Overview: International Seaways has agreed to sell five vintage tankers for approximately $185 million, expecting to recognize gains of about $65 million, which will enhance the company's financial flexibility.
- Vessel Age Analysis: The sale includes three MR product tankers with an average age of 18 years and two VLCCs averaging 15 years, reflecting the company's ongoing efforts to modernize its aging fleet.
- Modernization Strategy: International Seaways is steadily clearing out vintage ships as part of a broader strategy to modernize and maintain flexibility in the tanker market, which helps improve its competitive position in a challenging environment.
- Fleet Size: Even after this sale, International Seaways retains a fleet of 73 vessels, including 12 VLCCs and 32 MR tankers, underscoring its significant presence among publicly traded tanker owners.
- Asset Sale Strategy: International Seaways has sold or entered agreements to sell five vessels since the beginning of the year, expecting total proceeds of approximately $185 million, indicating proactive asset optimization efforts.
- Vessel Age Analysis: The sold vessels include three MR tankers with an average age of 18 years and two VLCCs averaging 15 years, reflecting the company's strategy to modernize its aging fleet for improved operational efficiency.
- Revenue Expectations: The company anticipates closing these transactions in the first quarter of 2026, recognizing gains of approximately $65 million from the vessel sales, which will positively impact future financial performance.
- Market Positioning: Currently operating a fleet of 73 vessels, the strategy of selling older ships not only enhances overall operational efficiency but also strengthens its competitive position in the international energy transportation market.
- Dividend History Analysis: International Seaways Inc. (INSW) shows a dividend history chart indicating that the recent dividend is likely to continue, with an expected annualized yield of 0.9%, providing investors with a stable income expectation.
- Volatility Assessment: The trailing twelve-month volatility for INSW is calculated at 40% based on the last 251 trading days' closing values, indicating significant price fluctuations and necessitating careful risk-reward evaluations by investors.
- Options Trading Dynamics: On Thursday, the put volume among S&P 500 components reached 902,767 contracts, while call volume hit 1.94 million, reflecting a strong preference for call options among investors, suggesting an optimistic market sentiment.
- Options Market Trends: The current put-to-call ratio stands at 0.47, significantly lower than the long-term median of 0.65, indicating an increased market expectation for future price increases, which may influence INSW's stock price trajectory.

- Industry Insights Compilation: Capital Link's Q4 2025 Shipping Insights report compiles exclusive interviews with executives from the container, dry bulk, LNG, LPG, and tanker sectors, offering in-depth analyses of key industry themes that help investors navigate market dynamics.
- Regulatory and Decarbonization Focus: The report discusses regulatory updates and decarbonization efforts within the industry, highlighting their significant impact on shipping companies' capital allocation and shareholder value enhancement, reflecting the industry's commitment to sustainability.
- Global Trade Trends: By analyzing global trade trends, the report reveals how shipping companies are adjusting their strategies in a rapidly changing market environment to address future challenges and opportunities, thereby strengthening their competitive position.
- Executive Insights Sharing: The report features insights from executives of notable companies, including Capital Clean Energy Carriers Corp. and Dynagas LNG Partners LP, providing forward-looking perspectives on the future of the shipping market to aid investors in making informed decisions.

- Online Presentation Launch: Scorpio Tankers Inc. will kick off its online corporate presentation series on January 14, 2026, at 10:00 AM ET, showcasing its business development and strategy, which is expected to attract investor interest.
- Industry Participation: The event will feature senior management from multiple publicly listed maritime companies, providing in-depth analysis of industry outlook and growth potential, thereby enhancing market confidence in the maritime sector.
- Interactive Q&A Session: Each session will include a 45-minute company slide presentation followed by a live Q&A, fostering interaction with investors and improving company transparency and investor relations.
- Subsequent Event Schedule: The presentation series will continue for several weeks, covering speeches from various maritime companies, which is anticipated to provide a platform for participating companies to enhance their market visibility and investment appeal.
Upcoming Ex-Dividend Dates: Hafnia Limited (HAFN), International Seaways Inc (INSW), and Dole plc (DOLE) will trade ex-dividend on 12/9/25, with respective dividends of $0.147, $0.12, and $0.085 scheduled for payment on 12/16/25, 12/23/25, and 1/6/26.
Expected Price Adjustments: Following the ex-dividend date, HAFN shares are expected to drop by approximately 2.47%, INSW by 0.23%, and DOLE by 0.58%, based on their recent stock prices.
Dividend Yield Estimates: The estimated annualized yields for the upcoming dividends are 9.87% for Hafnia Limited, 0.93% for International Seaways, and 2.30% for Dole plc, indicating varying levels of dividend stability.
Current Trading Performance: As of the latest trading session, Hafnia Limited shares are flat, International Seaways shares have decreased by about 1.4%, and Dole plc shares have increased by approximately 0.3%.









