International Seaways owns and operates a fleet of oceangoing crude oil and petroleum product tankers engaged in international maritime transportation. The company charters its vessels to major oil companies, traders, refineries, and government entities on both spot market voyages and fixed time charters, participating in commercial pools to optimize utilization and leverage economies of scale. Revenue is generated primarily through time-charter equivalent rates from voyage charters and time charter arrangements, with a portfolio spanning crude carriers (VLCCs, Suezmax, and Aframax vessels) and product carriers (LR2, LR1, and MR vessels), plus ancillary services including ship-to-ship lightering operations in key geographic regions.