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International Seaways, Inc. INSW Payments For Drydocking

Payments For Drydocking at other companies

Pangaea Logistics Solutions logo
Pangaea Logistics SolutionsPANL
$6.79M+5.3%
Dorian LPG logo
Dorian LPGLPG
$9.37K-99.8%
Dorian LPG logo
Dorian LPGLPG
$9.37K-99.8%
Seacor Marine Holdings Inc. logo
Seacor Marine Holdings Inc.SMHI
$2.96M-42.4%
Tidewater logo
TidewaterTDW
$36.38M+47.6%
Snap logo
SnapSNAP
$2.64M-72.4%

Segments

By segment

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International Product Carriers$7.02M-54.2%
International Crude Tankers$6.83M+334%

Other financials

Income statement

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Revenue$325.5M+77.5%
Operating income$288.6M+388%
Net income$286.1M+477%
EPS (diluted)$5.75+475%

Balance sheet

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Cash & equivalents$141.8M+6.8%
Total debt$610.1M-0.6%
Total equity$2.2B+17.4%
Total assets$2.9B+12.9%

Cash flow

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Operating cash flow$141.1M+102%
CapEx$319.0K-15.2%
Free cash flow$140.7M+102%

Valuation

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Market cap$4.61B+114%
Enterprise value$5.08B+97.8%
P/E8.5×-0.6×
P/S4.7×+2.0×

Profitability

See full
Operating margin58.3%+16.5pp
Net margin55.4%+18.0pp
FCF margin45.6%-7.8pp

Returns & leverage

See full
Return on equity26.9%+9.3pp
Debt / equity0.3×-0.1×
Current ratio7.3×+4.6×

Where this comes from

Reported directly by International Seaways, Inc. in its filing.

Tagged under the XBRL concept insw:PaymentsForDrydocking.

The source filing: International Seaways, Inc.’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 8:16 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-056721
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Items included in net income related to investing and financing activities:
Gain on disposal of vessels and other assets, net(88,171)(10,021)
Holding gain on previously held equity interest(3,919)
Payments for drydocking(13,850)(16,900)
Insurance claims proceeds related to vessel operations95312
Changes in operating assets and liabilities:
(Increase)/decrease in receivables(64,580)25,169
Decrease in deferred revenue(4,539)(7,618)

Cover / Front Matter

FAQ

What is International Seaways, Inc.'s payments for drydocking?
International Seaways, Inc. (INSW) reported payments for drydocking of $13.85M in Q1 2026.
How has International Seaways, Inc.'s payments for drydocking changed year-over-year?
International Seaways, Inc.'s payments for drydocking decreased by 18.0% year-over-year, from $16.9M to $13.85M.
What is the long-term trend for International Seaways, Inc.'s payments for drydocking?
Over 4 years (2021 to 2025), International Seaways, Inc.'s payments for drydocking has grown at a 18.7% compound annual growth rate (CAGR), from $42.42M to $84.21M.
What does payments for drydocking mean?
Reflects the cash outflows required for mandatory periodic vessel maintenance, inspections, and repairs necessary to maintain regulatory compliance and operational safety. These expenditures are critical for the long-term viability of the fleet and represent a recurring capital-like maintenance cost.

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