Start Time: 09:00 January 1, 0000 9:41 AM ET

International Seaways, Inc. (NYSE:INSW)
Q2 2024 Earnings Conference Call
August 07, 2024, 09:00 AM ET

Company Participants

Lois Zabrocky - President and CEO
Jeff Pribor - SVP and CFO
Derek Solon - SVP and Chief Commercial Officer
James Small - CAO, SVP, Secretary and General Counsel

Conference Call Participants

Ben Nolan - Stifel
Chris Robertson - Deutsche Bank
Omar Nokta - Jefferies
Sherif Elmaghrabi - BTIG
Liam Burke - B. Riley

Operator

Good morning, everyone, and welcome to the International Seaways Second Quarter 2024 Results Conference Call. My name is Carla, and I will be coordinating your call today. [Operator Instructions].

I will now hand you over to your host, James Small, CAO and General Counsel to begin. James, please go ahead.

James Small

Thank you. Good morning, everyone, and welcome to International Seaways earnings call for the second quarter of 2024. Before we begin, I would like to start off by advising everyone with us on the call today of the following. During this call and in the accompanying presentation, 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 petroleum products; the effects of ongoing and threatened conflicts around the globe; the company's strategy and business prospects; expectations regarding revenues and expenses, including vessel, charter hire and G&A expenses; estimated future bookings, TCE rates and capital expenditures; projected scheduled drydock and off-hire days; purchases and sales of vessels and construction of new build vessels; the company's consideration of strategic alternatives; anticipated and recent financing transactions that plans to issue dividends; the company's relationships 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 assumptions made by management based on various 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.

Forward-looking statements are subject to risks, uncertainties and assumptions, many of which are beyond the company's control, which could cause actual results to differ materially from those implied or expressed by the statements. Factors, risks and uncertainties that could cause International Seaways' actual results to differ from expectations include those described in our Annual Report on Form 10-K for 2023, our quarterly report on Form 10-Q for the second quarter of 2024 and in other filings that we have made or in the future may make with the U.S. Securities and Exchange Commission.