International Seaways Inc $ 24.8 -1.08 (-4.17%)
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INSW News and Headlines - International Seaways
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NEW YORK, Oct. 07, 2019 (GLOBE NEWSWIRE) -- Senior executives from leading publicly listed product tanker, crude oil tanker, and LNG shipping companies will discuss the trends, developments and outlook of the global commodities and shipping markets. The panels will take place at Capital Link’s 11th Annual New York Maritime Forum on Tuesday, October 15, 2019 at The Metropolitan Club, New York City.
Featuring senior executives from 34 shipping and maritime companies, the Forum is organized in partnership with DNB and in cooperation with the
John Paulson (Trades, Portfolio), leader of investment firm Paulson & Co., disclosed on July 3 he trimmed his International Seaways Inc. (INSW) stake by 27.04%.
With the long-term goal of capital preservation, above-average returns and low correlation to the market, the guru’s New York-based firm specializes in event-driven arbitrage strategies, including merger arbitrage, bankruptcy reorganizations and distressed credit.
According to GuruFocus Real-Time Picks, a Premium feature, the investor sold 540,881 shares of International Seaways, reducing his holding to 1.45 million shares. Filings with the Securities and Exchange Commission show the transactions occurred from mid-May through
NEW YORK, April 04, 2019 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Cisco Systems, Inc. (CSCO), NanoString Technologies, Inc. (NSTG), Galapagos NV (GLPG), A10 Networks, Inc. (:ATEN), International Seaways Inc. (:INSW), and Scholastic Corporation (SCHL), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.
Complimentary Access: Research Reports
Full copies of recently published reports are available to readers at the links below.
CSCO
John Paulson (Trades, Portfolio), manager of Paulson & Co., disclosed last week he trimmed approximately 30% off his holding of International Seaways Inc. (INSW).
According to a Schedule 13-D filing dated March 20, Paulson reported a holding of 2,019,327 shares, down 28.9% from the previously reported number of 2,452,044 shares on March 12.
Company background
New York-based International Seaways owns and operates a fleet of oceangoing vessels engaged primarily in the transportation of crude oil and petroleum products. The company operates in the competitive and fragmented shipping industry: International Seaways competes on several factors, including availability
Capital Link’s 13th Annual International Shipping Forum
Monday, April 1, 2019 in NYC
NEW YORK, March 25, 2019 (GLOBE NEWSWIRE) -- Senior executives from leading publicly listed and private product tanker, crude oil tanker, LNG, LPG and chemical tankers shipping companies will discuss the trends, developments and outlook of the global energy, commodities and shipping markets. This panel discussion will take place at Capital Link’s 13th Annual International Shipping Forum which will be held at the Metropolitan Club in New York City on Monday, April 1, 2019.
According to GuruFocus top-10 holdings data, Francisco García Paramés’ top five holdings as of the third quarter are Aryzta AG (XSWX:ARYN), Teekay LNG Partners LP (TGP), Teekay Corp. (TK), International Seaways Inc. (INSW) and Babcock International Group PLC (LSE:BAB).
Paramés, chairman and chief investment officer of Cobas Asset Management, is a self-taught follower of Berkshire Hathaway Inc. (BRK.A)(BRK.B) CEO Warren Buffett (Trades, Portfolio)’s investment approach. The former Bestinfond (Trades, Portfolio) manager strictly applies the principles of value investing within the framework of the Austrian business cycle
International Seaways (NYSE:INSW). We have a significant investment (almost 10% of the International Portfolio) in the oil ship-ping business, in which International Seaways is one of our favourite companies. The current situation, which is the lowest point of the last 30 years, encourages invest-ment in favour of the recovery of the cycle of maritime transport, in particular of crude oil. Several factors con-tribute to the current weakness, and we can gradually see how each and every one of them is returning to normal (inventories of crude oil, demolition of the fleet, and the drop in orders for new ships,
In the third quarter we have seen how our funds obtained negative results, mainly being burdened by our investment in Aryzta as occurred in the previous quarter. To be more precise, exposure to this company has had a negative effect on the profitability of the international portfolio by approximately 3%, while the total negative profitability of said portfolio in the quarter was about 4%.
Since the beginning of the year the negative impact of Aryzta has been 10%. The performance of the remainder of the International Portfolio has been reasonable and has even surpassed its benchmark index.
The impact
The third-quarter letter of Cobas, the asset management company of Francisco García Paramés (Trades, Portfolio), was clear in interpreting the current market correction as an opportunity:
“Volatility must be our friend and falls on the markets such as that of October should be considered opportunities to reap the profitability of the future.”
Paramés stated the importance of being patient and the confidence that Cobas investment portfolio is defensive in nature because it would not be affected by an eventual drop in private consumption.
He gave five examples of Cobas defensive investments:
Teekay (TK)
Spain’s premier investor Francisco Garcia Parames is joining GuruFocus for an audience Q&A this week in advance of his talk next year at the 2019 GuruFocus Value Investing Conference.
To submit your question for Parames, post it in the “comments” area below, and he will return an answer shortly.
Background
Parames spent 25 years at Spain’s Bestinver before founding his own firm, Cobas Asset Management, in 2017. During his tenure overseeing the Bestinfond (Trades, Portfolio) at Bestinver, Parames delivered an annualized return of 15.68%, compared to the 8.45% return of the benchmark, making him
NEW YORK, Oct. 01, 2018 (GLOBE NEWSWIRE) -- Senior executives from leading publicly listed product tanker, crude oil tanker, LPG and LNG shipping companies will discuss the trends, developments and outlook of the global commodities and shipping markets. These panels will take place at Capital Link’s 10th Annual New York Maritime Forum to be held in New York City on Tuesday, October 9, 2018.
Featuring senior executives from 35 shipping and maritime companies, the Forum is organized in partnership with DNB and in cooperation with the
NEW YORK, Aug. 29, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of BofI Holding, Inc. (BOFI), Digimarc Corporation (DMRC), DHT Holdings, Inc. (:DHT), International Seaways Inc. (:INSW), QEP Resources, Inc. (:QEP), and Intelsat S.A. (:I), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.
Complimentary Access: Research Reports
Full copies of recently published reports are available to readers at the links below.
BOFI
NEW YORK, July 25, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of International Seaways Inc. (:INSW), Atkore International Group Inc. (:ATKR), American States Water Company (:AWR), Griffon Corporation (:GFF), SEACOR Holdings, Inc. (:CKH), and MidWestOne Financial Group, Inc. (MOFG), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.
Complimentary Access: Research Reports
Full copies of recently published reports are available to readers at
NEW YORK, May 18, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Government Properties Income Trust (GOV), International Seaways Inc. (:INSW), SELECT EGY SVCS (:WTTR), Martin Midstream Partners L.P. (MMLP), Shoe Carnival, Inc. (SCVL), and PC Connection, Inc. (CNXN), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.
Complimentary Access: Research Reports
Full copies of recently published reports are available to readers at the
Donald Smith (Trades, Portfolio)'s investment management firm, Donald Smith & Co., bought shares of the following stocks in both the first quarter of 2018 and fourth quarter of 2017.
Blue Capital Reinsurance Holdings Ltd. (BCRH)
In the fourth quarter, the guru increased his position by 40.48% and added another 17.99% in the first quarter.
With a market cap of $96.81 million, the company provides collateralized reinsurance in the property catastrophe market.
Smith is the company's largest shareholder among the gurus with 8.54% of outstanding shares, followed by Chuck
It was on Dec. 1, 2016, that Overseas Shipholding Group (OSG) announced that it had completed the separation of Overseas Shipping into two separate entities. With Overseas Shipholding remaining listed, the other entity that got listed as a spinoff was International Seaways (INSW).
For the crude oil tanker company, the spinoff was important as it created two focused entities. Overseas Shipholding remains focused as a U.S. Flag strategic business unit under the Jones Flag Act market. On the other hand, International Seaways got listed as one of the largest tanker companies that provide energy transportation services for crude oil and
Headlines
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| 2019-10-14 $ 25.88 (1.65%) | |
2:39am | Moving Average Crossover Alert: International Seaways - www.zacks.com |
| 2019-10-10 $ 24.42 (1.79%) | |
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| 2019-10-07 $ 23.83 (14.84%) | |
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| 2019-08-08 $ 15.94 (2.11%) | |
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| 2019-08-01 $ 16.47 (-3.17%) | |
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| 2019-07-31 $ 17.01 (0.24%) | |
8:40am | Moving Average Crossover Alert: International Seaways - www.zacks.com |
| 2019-07-05 $ 19.04 (2.48%) | |
11:20am | John Paulson Further Slims International Seaways Stake - GuruFocus.com |
| 2019-05-12 | |
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| 2019-05-09 $ 19.43 (3.85%) | |
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6:30am | International Seaways Inc. (INSW) Q1 Earnings Match Estimates - www.zacks.com |
| 2019-05-08 $ 18.71 (1.91%) | |
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| 2019-05-02 $ 17.87 (-0.17%) | |
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| 2019-04-26 $ 18.12 (-1.63%) | |
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| 2019-03-26 $ 18 (-0.83%) | |
4:26pm | John Paulson Trims Holding of International Seaways - GuruFocus.com |
| 2019-03-12 $ 18.9 (8.93%) | |
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| 2018-11-10 | |
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| 2018-11-09 $ 17.79 (-5.42%) | |
3:36pm | Cobas Asset Management Comments on International Seaways - GuruFocus.com |
| 2018-11-07 $ 19.61 (-11.94%) | |
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| 2018-10-02 $ 21.9 (1.62%) | |
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| 2018-08-14 $ 19.98 (-1.38%) | |
9:35am | $INSW $EURN $GNRT 90 Percent Cash Flow Collapse Next Euronav - seekingalpha.com |
| 2018-08-12 | |
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| 2018-08-08 $ 21.07 (-1.63%) | |
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| 2018-07-25 $ 21.54 (3.16%) | |
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| 2018-07-10 $ 23.96 (0.93%) | |
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| 2018-06-27 $ 24.11 (-1.03%) | |
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| 2018-06-22 $ 23.74 (9.86%) | |
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| 2018-06-07 $ 21.11 (2.73%) | |
1:57pm | $DHT $INSW $SFL $FRO Best Pair Trade Shipping - seekingalpha.com |
| 2018-05-18 $ 18.39 (-1.97%) | |
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| 2018-05-07 $ 19.59 (1.24%) | |
1:22pm | $INSW International Seaways 2018 Q1 Results Earnings Call Slides - seekingalpha.com |
| 2018-05-03 $ 20.12 (-1.13%) | |
7:45am | Should You Sell International Seaways (INSW) Before Earnings? - www.zacks.com |
| 2018-03-27 $ 17.83 (-2.03%) | |
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| 2018-03-09 $ 18.55 (5.58%) | |
1:43pm | $INSW International Seaways 2017 Q4 Results Earnings Call Slides - seekingalpha.com |
| 2018-03-05 $ 17.37 (4.14%) | |
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| 2018-03-02 $ 16.68 (2.58%) | |
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| 2018-03-01 $ 16.26 (-0.06%) | |
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| 2018-02-26 $ 16.58 (0.91%) | |
5:07pm | $FRO $DHT $EURN $GNRT $INSW $NAP $SFL Crude Tanker Market Update Focus Vlccs - seekingalpha.com |
| 2018-02-22 $ 16.67 (-1.24%) | |
9:27am | $EURN $GNRT $OSG $INSW Time Buy International Seaways - seekingalpha.com |
| 2018-02-20 $ 16.68 (-0.6%) | |
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| 2018-02-14 $ 16.26 (1.25%) | |
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| 2018-01-23 $ 18.19 (-0.33%) | |
6:59am | New Strong Sell Stocks for January 23rd - www.zacks.com |
| 2017-12-22 $ 19.53 (3.72%) | |
1:01pm | $INSW International Seaways Insw Acquire 6 Vlccs Euronav Nv Slideshow - seekingalpha.com |
| 2017-12-07 $ 16.7 (0.12%) | |
8:01am | New Strong Sell Stocks for December 7th - www.zacks.com |
| 2017-11-29 $ 16.89 (-1.92%) | |
6:57am | New Strong Sell Stocks for November 29th - www.zacks.com |
| 2017-11-24 $ 17.4 (0.87%) | |
7:29am | New Strong Sell Stocks for November 24th - www.zacks.com |
| 2017-11-20 $ 17.24 (0.41%) | |
11:39am | Opec Cuts Benefit Crude Tankers Update - seekingalpha.com |
| 2017-11-18 | |
4:28am | Tracking John Paulsons Paulson And Company Portfolio Q3 2017 Update - seekingalpha.com |
| 2017-11-13 $ 18.37 (-3.21%) | |
5:11am | International Seaways 2017 Q3 Results Earnings Call Slides - seekingalpha.com |
| 2017-08-18 $ 18.75 (1.08%) | |
6:43pm | 2Q Results - seekingalpha.com |
| 2017-08-03 $ 22.42 (-0.27%) | |
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| 2017-07-10 $ 21.51 (-0.42%) | |
10:23am | International Seaways: More Upside for Tanker Spinoff - GuruFocus.com |
| 2017-06-22 $ 20.45 (0.15%) | |
8:55am | Check out Seeking Alpha's Maritime Investment Forum: - seekingalpha.com |
| 2017-06-21 $ 20.42 (-0.78%) | |
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| 2017-05-08 $ 19.79 (-0.8%) | |
7:00am | DHT's Board Takes Frontline To The Woodshed - seekingalpha.com |
| 2017-05-03 $ 19.63 (-0.61%) | |
9:28am | Euronav: Historic Opportunity To Ride The Next Tanker Cycle - seekingalpha.com |
| 2017-04-25 $ 19.41 (1.15%) | |
6:15am | International Seaways: Major Winner With Over 30% Upside Left - seekingalpha.com |
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