International Seaways reported its most profitable quarter in nearly a decade, driven by high charter and spot rates across its tanker fleet. VLCC earnings exceeded $150,000 per day in Q2, with profit-sharing charters contributing $51 million to quarterly crude revenue. The market strength is supported by tanker shortages and delayed fleet growth, expected to tighten supply until 2028-2029. Risks include a potential Iran settlement or demand drop from high freight costs, but the company's low debt and diverse fleet underpin a strong buy rating with a $150 price target.
International Seaways market context shows 61 of 150 US stocks rose and 77 fell on Pluang. Intel Corp traded at USD 115.44 with a 2.61% increase and 75% buy orders. Marqeta Inc rose 2.05% to USD 16.89, while Moderna Inc fell 2.03% to USD 183.65 with 76% buy orders. Data is as of Oct 07, 2026 15:02 WIB.
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