International Seaways, Inc. (NYSE:INSW) Q1 2022 Earnings Conference Call May 4, 2022 8:30 AM ET
Company Participants
James Small - General Counsel
Lois Zabrocky - President and Chief Executive Officer
Jeff Pribor - Chief Financial Officer
Conference Call Participants
Magnus Fyhr - H.C. Wainwright
Ben Nolan - Stifel
Chris Robertson - Jefferies
Liam Burke - B. Riley
Greg Lewis - BTIG
Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the corresponding text be unclear. The machine-assisted output provided is partly edited and is designed as a guide.
Operator
00:07 Good day and thank you for standing by. Welcome to the International Seaways' First Quarter 2022 Results Conference Call. At this time, all participants are in listen-only mode. [Operator Instructions] Please be advised that this conference is being recorded. [Operator Instructions]
00:37 It is now my pleasure to turn the call over to Mr. James Small, General Counsel. Please go ahead.
James Small
00:45 Thank you. Good morning, everyone, and welcome to International Seaways' earnings call for the first 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:
01:07 Outlooks for the crude and product tanker markets; changes in oil 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 effects of the ongoing coronavirus pandemic; the company's strategy; the anticipated cost savings and other synergies and benefits from our merger with Diamond S; our prospects; expectations regarding revenues and expenses including vessel, charter hire, and G&A expenses; estimated bookings, TCE rates and/or capital expenditures in the second 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 ability to achieve its financing and other objectives; and other economic, political, and regulatory developments around the world.