International Seaways, Inc. (NYSE:INSW) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET

Company Participants

James Small - General Counsel, Senior Vice President, Secretary and Chief Administrative Officer
Lois Zabrocky - President and Chief Executive Officer
Jeffrey Pribor - Senior Vice President and Chief Financial Officer
Derek Solon - Senior Vice President and Chief Commercial Officer

Conference Call Participants

Omar Nokta - Jefferies
Christopher Robertson - Deutsche Bank
Frank Galanti - Stifel
Liam Burke - B. Riley Securities

Operator

Hello everyone, and welcome to the International Seaways, Inc. Third Quarter 2024 Earnings 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, General Counsel at International Seaways to begin. James, please go ahead.

James Small

Thank you. Good morning, everyone, and welcome to International Seaways earnings call for the third 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 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 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 dry-dock and off-hire days; purchases and sales of vessels and construction of new build vessels, the company's consideration of strategic alternatives, anticipated financing transactions and plans to issue dividends, the company's relationships with its stakeholders, the company's ability to achieve its financing and other objectives, and other political, economic 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.

Forward-looking statements are subject to risks, uncertainties and assumptions, many of which are beyond the company's control, that 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 first three quarters of 2024, and in other filings that we have made or in the future may make with the U.S. Securities and Exchange Commission.