International Seaways, Inc. (NYSE:INSW) Q2 2022 Earnings Conference Call August 9, 2022 9:00 AM ET

Company Participants

James Small - Senior Vice President, Chief Administrative Officer, Secretary and General Counsel

Lois Zabrocky - President and Chief Executive Officer

Jeffrey Pribor - Senior Vice President and Chief Financial Officer

William Nugent - Senior Vice President and Head Of Ship Operations

Conference Call Participants

Omar Nokta - Jefferies

Ben Nolan - Stifel

Liam Burke - B. Riley

Gregory Lewis - BTIG

Operator

Hello and welcome to today’s International Seaways' Second Quarter 2022 Results. My name is Elliot and I will be coordinating your call today. [Operator Instructions]

I would now like to hand over to James Small, General Counsel. The floor is yours. Please go ahead.

James Small

Thank you, Elliot. Good morning, everyone and welcome to International Seaways' earnings call for the second quarter of 2022.

Before we begin, I would like to start off by advising everyone with us on the call today of the following. During this call, management may make forward-looking statements regarding the company or the industry in which it operates. Those statements may address, without limitation, the following topics:

Outlooks for the crude and product tanker markets and changes in trading patterns; forecasts of world and regional economic activity and of the demand for and production of oil and other petroleum products; the effects of the ongoing conflict between Russia and Ukraine; the company's strategy; the anticipated cost savings and other synergies and benefits from our merger with Diamond S; the effects of the ongoing coronavirus pandemic; our business prospects; expectations regarding revenues and expenses including vessel, charter hire, and G&A expenses; estimated bookings, TCE rates and/or capital expenditures in the third quarter of 2022, the remainder of 2022 or any other period; projected scheduled drydock and off-hire days; purchases and sales of vessels, construction of new build vessels and other investments; the company's consideration of strategic alternatives; anticipated and recent financing transactions in any plans to issue dividends; the company's relationship with its stakeholders; the company's ability to achieve its financing and other objectives; and other economic, political, and regulatory developments globally.

Any such forward-looking statements take into account various assumptions made by management based on a number of factors, including management's experience and perception of historical trends, current conditions, expected and future developments, and other factors that management believes are appropriate to consider in the circumstances.