Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
International Seaways, Inc. is a publicly traded U.S.-based marine transportation company that operates in the global crude oil and refined petroleum products shipping industry. The company owns and operates a diversified fleet of oceangoing tankers that transport crude oil, petroleum products, and specialty chemicals for major oil companies, refiners, commodity traders, and government entities. Its core revenue drivers are long-term time charters, spot market voyages, and pools linked to global tanker freight rates.
The company traces its roots to the legacy businesses of Overseas Shipholding Group (OSG), which has operated in maritime transportation for decades. International Seaways was established as a standalone public company in 2016 following the spin-off of OSG’s international operations. Since then, it has positioned itself as one of the largest U.S.-listed tanker operators, with a focus on fleet modernization, disciplined capital allocation, and exposure to both crude and product tanker markets.
Business Operations
International Seaways conducts its operations through two primary business segments: Crude Tankers and Product Carriers. The Crude Tankers segment includes Very Large Crude Carriers (VLCCs) and Suezmax vessels, which transport unrefined oil on major global trade routes. The Product Carriers segment consists primarily of Medium Range (MR) and Handymax vessels used to move refined petroleum products and certain chemicals. Revenue is generated through a mix of spot market charters, voyage charters, and time-charter contracts.
Operationally, the company manages vessel operations, technical maintenance, crewing, and commercial chartering, while also participating in commercial pools and revenue-sharing arrangements to optimize fleet utilization. International Seaways operates internationally, with customers spanning energy majors, national oil companies, and large trading houses. It maintains commercial and technical management capabilities through wholly owned subsidiaries and has no material dependence on a single customer.
Strategic Position & Investments
International Seaways’ strategy emphasizes scale, balance across tanker classes, and financial flexibility to navigate cyclical shipping markets. The company has pursued growth and renewal through selective vessel acquisitions, sale-leaseback transactions, and opportunistic asset sales aimed at maintaining a modern and fuel-efficient fleet. It has also focused on debt reduction and returning capital to shareholders through dividends and share repurchases during strong market cycles.
The company has invested in environmental and efficiency-related technologies, including ballast water treatment systems and fuel-efficiency upgrades, to comply with evolving international maritime regulations. While not a technology developer, International Seaways actively evaluates emerging regulatory and fuel trends, such as emissions standards and alternative fuels, as part of its long-term fleet planning and capital allocation strategy.
Geographic Footprint
International Seaways is headquartered in New York, United States, and operates globally across key energy transportation corridors. Its fleet trades extensively in North America, Europe, the Middle East, Asia-Pacific, and Latin America, reflecting the international nature of crude oil and refined product flows.
The company’s global footprint is supported by commercial, technical, and operational functions that manage vessels trading in both established and emerging energy markets. While its vessels operate worldwide, the company remains subject to U.S. regulatory oversight as a domestic issuer and maintains a strong presence in U.S.-linked energy trade routes.
Leadership & Governance
International Seaways is led by an executive team with extensive experience in maritime transportation, capital markets, and global logistics. The leadership emphasizes operational excellence, safety, regulatory compliance, and disciplined financial management as core elements of its governance and strategic vision.
Key executives include:
- Lois K. Zabrocky – President and Chief Executive Officer
- Brian K. Schopfer – Chief Financial Officer
- William F. Nugent – Senior Vice President, Commercial Development
- Christopher J. Wiernicki – Chairman of the Board
The board and management team oversee corporate strategy, risk management, and capital allocation, with governance practices aligned to U.S. public company standards and maritime industry regulations.