{"product_id":"intlseas-business-model-canvas","title":"International Seaways Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMaritime Tanker Business Model Canvas: Strategy, Partnerships, and Revenue Drivers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eUnlock the full strategic blueprint behind International Seaways’s Business Model Canvas — a concise, expert breakdown of value propositions, customer segments, partnerships, and revenue drivers. Ideal for investors, strategists, and students seeking actionable insights. Download the full Word\/Excel canvas to benchmark, plan, and profit from proven maritime strategies.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOil majors and NOCs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eOil majors and NOCs provide International Seaways with baseline utilization through strategic COAs and long-duration time charters, which in 2024 continued to underpin revenue stability. Multi-year agreements and preferred-vendor status improve tender win rates and prioritize loadings, reducing ballast and idle days. These partnerships directly inform fleet deployment decisions and timing of newbuild deliveries to match contracted demand.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCharter brokers and pools\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eLeading charter brokers deliver market intelligence and often fix spot voyages within 24–72 hours, accelerating revenue capture for International Seaways and informing daily TCE routing decisions in 2024.\u003c\/p\u003e\n\u003cp\u003ePool partnerships optimize earnings through scale, voyage triangulation and scheduling synergies, lifting utilization and smoothing revenue volatility across market cycles in 2024.\u003c\/p\u003e\n\u003cp\u003eAccess to wider cargo lists via pools increases employment and fleet utilization, while transparent pool performance reporting in 2024 enables more accurate commercial and chartering decisions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eShipyards and OEMs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eLong-term ties with shipyards and equipment vendors lower newbuild and retrofit execution risk and secure preferred slots for drydocks, scrubber installs and EEXI\/CII upgrades. Preferred slots compress major-works lead times to months, aiding compliance with the IMO CII\/EEXI regime effective 2023. Scrubber retrofits typically cost $2–3 million per vessel; OEM support ensures parts availability and uptime, while technical collaboration improves fuel efficiency and CII ratings.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eClassification, P\u0026amp;I, and insurers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eClassification societies certify seaworthiness and regulatory compliance, notably via the 12 IACS members that set technical standards. P\u0026amp;I clubs and hull insurers, including the 13 clubs of the International Group, manage liability and casualty risks. Strong safety records lower premiums and downtime, while joint audits drive continuous operational improvements.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eIACS: 12 members\u003c\/li\u003e\n\u003cli\u003eInternational Group P\u0026amp;I: 13 clubs\u003c\/li\u003e\n\u003cli\u003eFocus: reduced premiums, less downtime\u003c\/li\u003e\n\u003cli\u003eTool: joint audits for higher standards\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eBunker, port, and logistics providers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eBunker, port, and logistics providers give International Seaways (INSW) access to competitive fuel and quality assurance, crucial as fuel is the largest single voyage expense; INSW operated a fleet of 59 vessels in 2024 to leverage scale in procurement. Port agents, terminals, and tug operators enable quick turnarounds, lowering demurrage and voyage costs and improving schedule reliability across a global network.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eTrusted bunker suppliers\u003c\/li\u003e\n\u003cli\u003ePort agents \u0026amp; tug operators\u003c\/li\u003e\n\u003cli\u003eEfficient logistics reduce demurrage\u003c\/li\u003e\n\u003cli\u003eGlobal networks support schedules\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOil majors, NOCs and partners sustain 2024 revenue via COAs and pool synergies; fleet 59\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eOil majors\/NOCs, brokers, pools, shipyards, class societies, P\u0026amp;I clubs and bunker\/port providers sustained INSW's 2024 revenue stability via COAs, pool synergies and preferred-vendor slots; fleet 59 vessels; scrubber retrofit cost $2–3M. Strong partnerships cut ballast, reduced premiums, and improved compliance with IMO CII\/EEXI.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003ePartner\u003c\/th\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFleet\u003c\/td\u003e\n\u003ctd\u003e59 vessels (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eScrubber cost\u003c\/td\u003e\n\u003ctd\u003e$2–3M\/vsl\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eIACS\u003c\/td\u003e\n\u003ctd\u003e12 members\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eP\u0026amp;I\u003c\/td\u003e\n\u003ctd\u003e13 clubs\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA concise, ready-made Business Model Canvas for International Seaways detailing customer segments, channels, value propositions, revenue streams and cost structure across the 9 BMC blocks, with competitive advantages, SWOT-linked insights and polished narrative for investor presentations and strategic decision-making.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eHigh-level, editable one-page snapshot of International Seaways’ business model that saves hours on formatting, standardizes analysis for boardrooms and teams, and makes comparing fleet, routes, and revenue drivers fast and collaborative.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eVoyage planning and execution\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eOptimize routing, speed shaving, and strategic bunkering to maximize TCE, leveraging International Seaways fleet scale (38 vessels as of 2024) to capture economies of scale and improve voyage revenue. Coordinate closely with ports, terminals, and agents to secure on-time calls and minimize berth delays that erode earnings. Continuously monitor weather, congestion, and security risks to reroute dynamically, while executing accurate documentation and regulatory filings to avoid fines and demurrage.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eChartering and revenue management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eInternational Seaways (INSW, NYSE in 2024) balances spot and time charter exposure to smooth volatile earnings by shifting vessels between market and fixed contracts. Cargoes are priced using real-time market data and broker intel to capture short-term spikes. The team negotiates COAs, hire options and profit-share clauses to lock upside while limiting downside. Demurrage and claims are actively managed to protect voyage margins.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFleet technical management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePlan maintenance, drydocks, and class surveys on multi-year schedules to sustain \u0026gt;95% operational availability and meet IMO EEXI\/CII requirements effective 2023–2025. Implement reliability programs and condition monitoring (vibration, oil analytics) to cut unscheduled downtime by industry-typical margins. Manage spare parts via vendor-managed inventory and OEM support to reduce lead times; execute energy-efficiency retrofits (e.g., propeller, shaft seals, air systems) delivering up to 10% fuel savings.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCrew management and safety\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eRecruit, train and retain skilled seafarers supported by a global seafarer workforce of about 1.9 million (2024). Enforce ISM, TMSA and best-practice safety systems across the fleet, with documented procedures and audits. Run quarterly drills and annual competency assessments while promoting a strong safety culture to lower incidents.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eRecruit and retention aligned with global 1.9M seafarers (2024)\u003c\/li\u003e\n\u003cli\u003eISM, TMSA and audits\u003c\/li\u003e\n\u003cli\u003eQuarterly drills; annual competency assessments\u003c\/li\u003e\n\u003cli\u003eSafety culture to reduce incidents\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory and ESG compliance\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eMeet IMO\/MARPOL requirements including the 2020 0.50% sulfur cap and the Ballast Water Management Convention (in force 2017), comply with evolving emissions rules and the IMO target to reduce GHGs 50% by 2050; track CII ratings (effective 2023) and deploy vessel-level improvement plans.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eRegulatory compliance: IMO 0.50% sulfur, BWM C\/FS\u003c\/li\u003e\n\u003cli\u003eCII tracking: ratings from 2023, corrective plans\u003c\/li\u003e\n\u003cli\u003eESG disclosure: report metrics to customers\/investors\u003c\/li\u003e\n\u003cli\u003eDecarbonization: pilots and fuel\/technology partnerships\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003e38-vessel fleet: save \u003cstrong\u003e10%\u003c\/strong\u003e fuel, keep \u0026gt;95% availability to maximize TCE\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eOptimize voyage economics across 38-vessel fleet (2024) via routing, bunkering, speed shaving and port coordination to maximize TCE. Balance spot\/time charter mix (INSW, NYSE 2024), manage COAs, demurrage and claims. Maintain \u0026gt;95% availability with scheduled drydocks, condition monitoring and retrofits (up to 10% fuel savings); retain crew from 1.9M global seafarer pool.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFleet\u003c\/td\u003e\n\u003ctd\u003e38\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAvailability\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;95%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFuel savings\u003c\/td\u003e\n\u003ctd\u003eup to 10%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSeafarers pool\u003c\/td\u003e\n\u003ctd\u003e1.9M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003ePreview Before You Purchase\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe International Seaways Business Model Canvas shown here is the exact deliverable, not a mockup or sample. When you purchase, you’ll receive this same complete document ready to edit and present. Files are delivered in editable Word and Excel formats. No surprises—what you see is what you’ll own.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eesources\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eModern tanker fleet\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eInternational Seaways' modern fleet of over 60 vessels as of 2024 spans diverse crude and product trades across Atlantic, Pacific and Middle East lanes. Fuel-efficient newbuilds and ongoing retrofit programs reduce operating costs and emissions, improving TCE and sustainability metrics. A mix of VLCCs, Suezmax, Aframax and MR sizes adapts to port constraints and cargo needs, while a sub-8-year average fleet age boosts charter appeal.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eExperienced seafarers and ops teams\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eExperienced seafarers and ops teams underpin reliability, supporting a fleet of 50+ vessels with strong safety and operational expertise that reduces downtime. Multinational crews receive continuous STCW\/ISM-aligned training to ensure regulatory compliance across trading regions. Shore-based commercial and technical staff monitor performance and optimize utilization and voyage economics. Deep institutional knowledge accelerates decisions, shortening operational response times by days. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCustomer and broker relationships\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eDeep ties with oil majors, NOCs and traders underpin International Seaways' repeat business, supporting a fleet of about 60 vessels in 2024 and stable long-term charters. Broker networks — spanning 200+ counterparties in major hubs — broaden access to cargo opportunities and spot fixtures. A reputation for reliability secures premium fixtures and higher utilization, while strong relationship capital reduces counterparty risk and credit exposure.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCapital access and balance sheet\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eInternational Seaways leverages robust debt facilities and cash to fund fleet renewal, maintaining access to committed credit lines and cash reserves to support vessel acquisitions and scrubber retrofits in 2024.\u003c\/p\u003e\n\u003cp\u003eHedging instruments and marine insurance cap downside exposure to freight-rate volatility and physical risk, while financial flexibility enables countercyclical investments when markets dislocate.\u003c\/p\u003e\n\u003cp\u003eStrong governance and transparent reporting bolster investor confidence and facilitate capital market access.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\u003cli\u003eKey tags: INSW; debt facilities; cash reserves; hedging; insurance; countercyclical capital; governance\u003c\/li\u003e\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDigital and data systems\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eDigital and data systems drive voyage optimization, AIS and performance analytics that raise TCE through better routing and fuel use; AIS had over 100,000 equipped vessels globally in 2024. Compliance and maintenance systems reduce regulatory and downtime risk. Cybersecure ship-to-shore communications plus market and bunker data feeds sharpen commercial and bunker purchasing decisions.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eVoyage optimization: routing, fuel\u003c\/li\u003e\n\u003cli\u003eAIS: \u0026gt;100,000 vessels (2024)\u003c\/li\u003e\n\u003cli\u003eCompliance systems: lower risk\u003c\/li\u003e\n\u003cli\u003eCybersecure comms: ship⇄shore\u003c\/li\u003e\n\u003cli\u003eData feeds: market \u0026amp; bunker decisions\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eModern tanker fleet with \u003cstrong\u003e60+\u003c\/strong\u003e vessels, sub-\u003cstrong\u003e8\u003c\/strong\u003e-yr avg, \u003cstrong\u003e200+\u003c\/strong\u003e broker reach\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eInternational Seaways' key resources: a modern fleet of about 60+ vessels (2024) with sub‑8‑year average age, diversified sizes (VLCC\/Suezmax\/Aframax\/MR) and fuel‑efficient retrofits. Experienced multinational crews and shore teams ensure STCW\/ISM compliance and high utilization. Strong broker network (200+ counterparties), committed debt facilities, cash reserves, hedging and insurance support capital flexibility and downside protection.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eResource\u003c\/th\u003e\n\u003cth\u003e2024 Fact\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFleet size\u003c\/td\u003e\n\u003ctd\u003e~60+ vessels\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAvg fleet age\u003c\/td\u003e\n\u003ctd\u003esub‑8 years\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBroker network\u003c\/td\u003e\n\u003ctd\u003e200+ counterparties\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAIS global equip\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;100,000 vessels (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eV\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ealue Propositions\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eReliable, on-time liftings\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eReliable, on-time liftings reduce customer supply risk by ensuring consistent delivery windows; International Seaways (INSW) leverages proven operational playbooks and redundant routing to cut delays and sustain high on-hire utilization, supporting multi-year contracts and preferred-carrier status with major oil traders in 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFlexible contract structures\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eFlexible contract structures — spot, time charter, and COA — let International Seaways tailor offers to cargo owners and shippers, matching short-term arbitrage with multi-month coverage. Options, indexation, and profit-share clauses align commercial incentives and stabilize cash flow in 2024 market conditions. A mixed VLCC, Suezmax and Aframax fleet enables both short- and long-haul solutions and boosts cargo coverage through commercial agility.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSafety and compliance excellence\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTop-tier vetting and strong TMSA performance drive lower incident risk, reflected in International Seaways' consistent third-party vetting passes and industry-recognized safety benchmarks.\u003c\/p\u003e\n\u003cp\u003eRobust audit history with major charterers and terminals reinforces trust, with repeated successful audits by oil majors and terminals across key trading regions.\u003c\/p\u003e\n\u003cp\u003eProactive regulatory compliance programs minimize voyage and port disruptions through timely implementation of IMO and local rules, backed by documented procedures.\u003c\/p\u003e\n\u003cp\u003eTransparent reporting, including regular safety KPIs and incident disclosures, provides customers with verifiable assurance of operational integrity.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCost-efficient tonnage\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eFuel-efficient ships and smart routing cut delivered cost—industry 2024 estimates show fuel savings up to 15% on modern designs and 5–7% from optimized voyage planning, lowering freight per ton. Scale purchasing and pool leverage trim unit opex; predictive maintenance raises uptime and reduces off-hire days. Competitive rates plus dependable service convert lower cost and higher utilization into customer value.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003efleet-efficiency: up to 15% fuel saved\u003c\/li\u003e\n\u003cli\u003erouting-gains: 5–7% fuel reduction\u003c\/li\u003e\n\u003cli\u003eopex-cut: scale procurement benefits\u003c\/li\u003e\n\u003cli\u003euptime: predictive maintenance reduces off-hire\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLower-emission transport\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eInternational Seaways reduces CO2 per ton-mile through hull and engine efficiency upgrades plus voyage optimization; shipping accounts for about 3% of global CO2 and CII regulation (effective 2023) makes these reductions material to customers' ESG reporting. Readiness for alternative fuels and bio-blends future-proofs service as 2024 pilots scale. Emissions-data sharing enables customers' scope 3 tracking.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eEfficiency upgrades: lower CO2\/t-mile\u003c\/li\u003e\n\u003cli\u003eCII plans: support customers' ESG\u003c\/li\u003e\n\u003cli\u003eAlt fuels\/bio-blends: future-proofing\u003c\/li\u003e\n\u003cli\u003eEmissions data: enables scope 3 tracking\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eReliable liftings, flexible contracts, \u003cstrong\u003eup to 15%\u003c\/strong\u003e fuel savings\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eReliable, on-time liftings, flexible spot\/time\/COA contracts and a mixed VLCC\/Suezmax\/Aframax fleet deliver tailored, high-utilization solutions and preferred-carrier status with major traders in 2024. Fuel-efficient ships and smart routing cut fuel by up to 15% and 5–7% respectively; emissions reporting and CII readiness support customers' scope 3\/ESG needs.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFuel savings (design)\u003c\/td\u003e\n\u003ctd\u003eup to 15%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRouting gains\u003c\/td\u003e\n\u003ctd\u003e5–7%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eIMO CII\u003c\/td\u003e\n\u003ctd\u003eeffective 2023 (compliance underway)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eShipping share of CO2\u003c\/td\u003e\n\u003ctd\u003e~3%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Relationships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eKey account management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eDedicated key-account teams at International Seaways coordinate planning, pricing, and service across a 51-vessel fleet (2024), enabling tailored offers and operational consistency. Regular quarterly business reviews align capacity with customer forecasts and helped secure ~65% charter coverage on multi-year contracts in 2024. Rapid escalation protocols deliver time-sensitive responses, and deep relationships underpin multi-year deal structures.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLong-term contracts and COAs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eLong-term contracts and COAs stabilize volumes and rates for both International Seaways and customers, supporting a fleet of about 50 vessels and reducing exposure to volatile spot markets. Service-level KPIs and penalties (on-time delivery, cargo integrity) drive operational performance and accountability. Option clauses provide flexibility during market swings, while predictable contract coverage underpins customers’ supply-chain planning and inventory management.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003e24\/7 operations desk\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eInternational Seaways (NYSE: INSW) operates a 24\/7 operations desk that minimizes voyage and port downtime through continuous monitoring. Real-time communications enable rapid issue resolution, shortening disruption windows for charterers and cargo owners. Centralized control improves operational consistency while customers receive continuous visibility into voyage status in 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePerformance and ESG reporting\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003ePerformance and ESG reporting delivers TCE, OTP, vetting and incident metrics alongside emissions intensity (gCO2\/t·nm) and annual CII ratings (A–E), benchmarked versus company targets to drive improvement and support customer compliance.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eTCE, OTP, vetting, incidents\u003c\/li\u003e\n\u003cli\u003eEmissions intensity (gCO2\/t·nm) \u0026amp; CII A–E\u003c\/li\u003e\n\u003cli\u003eBenchmark vs targets\u003c\/li\u003e\n\u003cli\u003eData for customer compliance\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eJoint planning and innovation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eInternational Seaways (INSW) partners with customers on route design and port windowing to cut waiting time and improve utilization while leveraging that seaborne trade carries roughly 80% of global trade by volume (2024). They pilot efficiency technologies and alternative fuels jointly and co-create contract terms to align incentives, building long-term, trust-based partnerships.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\u003c\/ul\u003e\n\u003cli\u003eCollaborative route \u0026amp; port windowing\u003c\/li\u003e\n\u003cli\u003eJoint pilots: efficiency tech \u0026amp; alternative fuels\u003c\/li\u003e\n\u003cli\u003eIncentive-aligned contracts for long-term trust\u003c\/li\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eKey-account teams drive 51-vessel consistency, ~65% multi-year coverage and 24\/7 ops\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eDedicated key-account teams coordinate across a 51-vessel fleet (2024) to deliver tailored offers and operational consistency. Quarterly business reviews secured ~65% charter coverage on multi-year contracts in 2024 and a 24\/7 ops desk minimizes downtime. Performance \u0026amp; ESG reporting (TCE, OTP, vetting, gCO2\/t·nm, CII) supports customer compliance.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFleet\u003c\/td\u003e\n\u003ctd\u003e51 vessels\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCharter coverage\u003c\/td\u003e\n\u003ctd\u003e~65% multi-year\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOperations\u003c\/td\u003e\n\u003ctd\u003e24\/7 desk\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGlobal trade share\u003c\/td\u003e\n\u003ctd\u003e~80% by volume\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ehannels\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDirect enterprise sales\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eSenior commercial managers target majors and NOCs, which together accounted for roughly 60% of global oil production in 2024, to secure long-term charter demand. Relationship selling locks strategic agreements and volume frameworks with counterparties. Bespoke proposals address complex scheduling, cargo specs and liability needs. Negotiations follow standardized commercial playbooks to accelerate close and ramp utilization.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eShipbrokers and fixtures\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eBrokers source and place spot cargoes rapidly, often arranging fixtures within 24–72 hours to capitalize on market windows; seaborne trade moves about 80% of global merchandise by volume (UNCTAD). Market color from brokers directly feeds pricing and route positioning, influencing TCEs and voyage economics in real time. Competitive bidding driven by broker-led tenders maximizes vessel utilization and yield. Broker networks extend global reach across key trading hubs in 100+ countries.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDigital communications\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eEmail, customer portals and EDI streamline voyage confirmations and billing, cutting turnaround times across INSWs 38-vessel fleet (2024) and reducing reconciliation work. Real-time ops updates via AIS and fleet telematics improve coordination between charterers and ops teams. Data-sharing APIs enable system-to-system integration with customer ERPs, accelerating cycles and lowering administrative burden.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndustry forums and tenders\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eAttend industry conferences to meet chartering and procurement decision-makers, and bid in RFPs and COA tenders to secure multi-year cargo volumes; highlight safety records and ESG credentials, noting the EU maritime ETS started applying to shipping in 2024, raising owner scrutiny of emissions and compliance.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eMeet decision-makers\u003c\/li\u003e\n\u003cli\u003eBid RFPs \u0026amp; COAs\u003c\/li\u003e\n\u003cli\u003eShowcase safety \u0026amp; ESG\u003c\/li\u003e\n\u003cli\u003eLeverage EU ETS 2024\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePool and alliance platforms\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003ePools and alliance platforms give International Seaways access to broader cargo programs and counterparties, improving utilization across its fleet; as of June 30, 2024 the company operated 66 vessels, amplifying pool benefits. Alliance visibility attracts counterparties and shared scheduling smooths fixture flow, while scale enhances bargaining power in freight and charter negotiations.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eBroader cargo access: expanded liftings\u003c\/li\u003e\n\u003cli\u003eVisibility: increased counterparty engagement\u003c\/li\u003e\n\u003cli\u003eScheduling: smoother fixture flow\u003c\/li\u003e\n\u003cli\u003eScale: stronger bargaining power\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMajors\/NOCs ~60% oil output; brokers book in 24–72 hrs; EU ETS lifts emissions sales\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTarget majors\/NOCs (≈60% of global oil output in 2024) for long-term COAs; brokers place spot fixtures in 24–72 hrs to capture market windows. Digital portals, AIS\/telematics and APIs cut confirmations and billing cycles; fleet scale (66 vessels as of 6\/30\/2024) and pools boost utilization. EU ETS application in 2024 raises emissions compliance as a sales lever.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eChannel\u003c\/th\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eMajors\/NOCs\u003c\/td\u003e\n\u003ctd\u003eShare of oil prod (2024)\u003c\/td\u003e\n\u003ctd\u003e~60%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBrokers\u003c\/td\u003e\n\u003ctd\u003eFixture lead time\u003c\/td\u003e\n\u003ctd\u003e24–72 hrs\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFleet\/Pools\u003c\/td\u003e\n\u003ctd\u003eVessels (6\/30\/2024)\u003c\/td\u003e\n\u003ctd\u003e66\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTrade\u003c\/td\u003e\n\u003ctd\u003eSeaborne merchandise (UNCTAD)\u003c\/td\u003e\n\u003ctd\u003e~80% by vol\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Segments\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInternational oil majors\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eIntegrated producers require reliable crude and product liftings to support supply chains handling roughly 60 million barrels per day of seaborne oil in 2024, with VLCCs carrying about 2 million barrels per voyage. High vetting standards force majors to contract only top-tier operators with proven safety records and ISO-compliant systems. They favor partners demonstrating long-term performance, scalability across Suezmax\/VLCC networks, and robust compliance metrics.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNational oil companies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eNOCs, which control roughly 80% of global proved oil reserves, require stable exports\/imports across trade lanes and prefer dependable, fully compliant carriers to safeguard energy security; they commonly use COAs and term charters (typically 1–5 year tenors) to match planning cycles, and in 2024 increasingly mandate local content, transparent reporting, and sanction\/VETTING compliance in contracts.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndependent refiners\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eIndependent refiners require steady inbound crude and outbound product lifts, with global refinery throughput at about 81 million barrels per day in 2024 (IEA), driving continuous voyage demand. Sensitivity to freight—often a material component of delivered cost—forces emphasis on low-cost, efficient voyages. High schedule reliability limits demurrage and protects thin refining margins. Flexible ship sizes (MR 37–54k DWT, Aframax 80–120k DWT, Suezmax 120–200k DWT) match port and draft constraints.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommodity traders\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eCommodity traders rely on fast fixtures to capture arbitrage; spot exposure and optionality drive P\u0026amp;L, and demurrage expertise cuts leakage—demurrage can exceed $100,000\/day on large voyages; global reach and flexible routing let International Seaways seize regional spreads amid 2024 world oil demand of ~101 million b\/d. \u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eFast fixtures: time-to-fixture reduces missed spreads\u003c\/li\u003e\n\u003cli\u003eSpot\/optionality: higher upside on volatile 2024 markets\u003c\/li\u003e\n\u003cli\u003eDemurrage control: saves $100k+\/day risks\u003c\/li\u003e\n\u003cli\u003eGlobal routing: accesses regional arbitrage\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGovernment and strategic reserves\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eGovernment and strategic reserves require occasional large-volume moves that demand high operational reliability and vetted owners; International Seaways is listed on NYSE (ticker INSW) in 2024 and offers such capacity. Strict compliance, security and audit protocols apply, with mandatory sealed-cargo and vetting standards. Time-charter blocks are used to cover multi-voyage campaigns and ensure availability over campaign windows.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eReliability: vetted owners\/operators\u003c\/li\u003e\n\u003cli\u003eCompliance: strict security and audit\u003c\/li\u003e\n\u003cli\u003eReporting: transparent, auditable records\u003c\/li\u003e\n\u003cli\u003eCapacity: time-charter blocks for campaigns\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSeaborne oil needs: scale, compliance, schedule certainty\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eIntegrated producers, NOCs, refiners, traders and government reserves demand scale, high vetting\/compliance, schedule reliability and flexible ship sizes; 2024 metrics: ~60 mn b\/d seaborne oil, VLCC ~2 mn b\/voyage, global demand ~101 mn b\/d, refinery throughput ~81 mn b\/d, NOCs ~80% reserves, demurrage \u0026gt;$100k\/day.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eSegment\u003c\/th\u003e\n\u003cth\u003eKey need\u003c\/th\u003e\n\u003cth\u003e2024 metric\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eIntegrated\u003c\/td\u003e\n\u003ctd\u003eLong-term COAs\u003c\/td\u003e\n\u003ctd\u003e60 mn b\/d seaborne\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNOCs\u003c\/td\u003e\n\u003ctd\u003eSecurity\/compliance\u003c\/td\u003e\n\u003ctd\u003e80% reserves\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTraders\u003c\/td\u003e\n\u003ctd\u003eSpot optionality\u003c\/td\u003e\n\u003ctd\u003eDemurrage \u0026gt;$100k\/day\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eost Structure\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eVessel operating expenses\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCrew, lubes, spares and stores form the baseline opex—industry tanker VOE averaged about $8,000\/day in 2024—while preventive maintenance shifts spend to lifecycle management and reduces costly overhauls; port charges and canal tolls vary widely by route (Panama\/Suez can add tens to hundreds of thousands per transit), and centralized, scale purchasing in 2024 lowered unit parts and lube costs by double-digit percentages for large owners.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eBunker and voyage costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eFuel is the largest variable expense, typically representing about 30–40% of voyage costs in the tanker sector. Smart routing and speed control can lower fuel use by up to 15–20%, cutting bunker spend materially. Strict fuel quality control reduces engine damage and claims frequency. Bunker hedging is used to manage 2024 price volatility and protect margins.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDrydocking and compliance capex\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eClass surveys, ballast water and emissions upgrades drive material drydocking capex—typical retrofit programmes in 2024 ranged from $0.5–2.0M per vessel with 14–28 off‑hire days per yard slot. Optimising yard scheduling and scope reduces off‑hire and cost overruns; targeted retrofits can cut fuel use and improve CII by 5–15%, and advance planning limits schedule disruption.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInsurance and financing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eP\u0026amp;I, H\u0026amp;M and war-risk premiums are material for International Seaways; industry pricing hardened in 2023–24 with P\u0026amp;I\/H\u0026amp;M increases around 20% as underwriters tightened capacity.\u003c\/p\u003e\n\u003cp\u003eInterest expense and financing fees rose with higher short-term rates and leverage; strong safety records and a prudent capital structure (targeting ~2.0x net debt\/EBITDA) lower premiums and overall cost of capital over time.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eP\u0026amp;I\/H\u0026amp;M\/war risk: +~20% (2023–24)\u003c\/li\u003e\n\u003cli\u003eLeverage: target ~2.0x net debt\/EBITDA\u003c\/li\u003e\n\u003cli\u003eHigher rates → higher interest expense\u003c\/li\u003e\n\u003cli\u003eSafety \u0026amp; capital discipline reduce insurance and financing cost\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eG\u0026amp;A and brokerage fees\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eShore staff, IT and compliance form core fixed overhead for International Seaways, with training and audits accounting for under 5% of total G\u0026amp;A in maritime peers in 2024. Broker commissions on fixtures typically run 1–2% of voyage value, directly variable with employment levels. Continuous training and audits sustain quality, while lean processes and digitization have driven measurable scalability and margin resilience.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eShore staff\/IT\/compliance: fixed overhead\u003c\/li\u003e\n\u003cli\u003eBroker commissions: 1–2% of fixture value\u003c\/li\u003e\n\u003cli\u003eTraining \u0026amp; audits: \u0026lt;5% of G\u0026amp;A\u003c\/li\u003e\n\u003cli\u003eLean processes: improve scalability\/margins\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eVOE \u003cstrong\u003e$8,000\/day\u003c\/strong\u003e; fuel 30–40%; retrofits $0.5–2M; target 2.0x ND\/EBITDA\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCrew\/lubes\/spares baseline ~VOE $8,000\/day (2024); fuel ~30–40% of voyage costs with 15–20% savings via slow steaming; retrofits $0.5–2.0M per vessel (2024) and 14–28 off‑hire days; P\u0026amp;I\/H\u0026amp;M\/war-risk +~20% (2023–24); target leverage ~2.0x net debt\/EBITDA; broker fees 1–2%.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eItem\u003c\/th\u003e\n\u003cth\u003e2024\/2023–24\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eVOE (baseline)\u003c\/td\u003e\n\u003ctd\u003e$8,000\/day\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFuel % voyage\u003c\/td\u003e\n\u003ctd\u003e30–40%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRetrofit capex\u003c\/td\u003e\n\u003ctd\u003e$0.5–2.0M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eInsurance move\u003c\/td\u003e\n\u003ctd\u003e+~20%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLeverage target\u003c\/td\u003e\n\u003ctd\u003e~2.0x ND\/EBITDA\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eevenue Streams\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSpot voyage earnings\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eSpot voyage earnings let International Seaways capture per‑voyage freight upside; in 2024 spot exposure translated directly into higher realized revenue during market rallies. TCE varies with routing, fuel consumption and port time, so fast fixing maximizes vessel utilization and earnings. Demurrage provisions add incremental revenue when charterers incur delays beyond agreed laytime.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTime charter hire\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eFixed daily time charter rates deliver predictable cash flow for International Seaways, with options and escalators embedded in contracts to allocate fuel and market risk between owner and charterer. Longer-term charters support debt financing and vessel renewal strategies by stabilizing future revenue streams. Availability clauses and vessel performance metrics trigger voyage bonuses, aligning operational incentives and maximizing utilization.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eContracts of affreightment\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eContracts of affreightment (COA) provide volume-based commitments, typically 6–24 months in the 2024 tanker market, smoothing vessel employment and reducing spot exposure. Indexed pricing tied to Platts or Baltic indices balances market risk between owner and charterer. Built-in scheduling flexibility accommodates lift variations and port windows, while the predictability of COAs improves voyage planning and cash‑flow forecasting.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePool distributions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003ePool distributions derive from aggregated commercial pool performance, aligning owners to fleet-scale earnings; in 2024 pools remained a material contributor to tanker operator income. Scale and triangulation improve voyage optimization and net returns, while transparent allocation formulas ensure fair payouts. Diversification across trades and vessel types lowers revenue volatility.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eAggregate performance pooling\u003c\/li\u003e\n\u003cli\u003eScale + triangulation = better yields\u003c\/li\u003e\n\u003cli\u003eTransparent allocation formulas\u003c\/li\u003e\n\u003cli\u003eDiversification reduces volatility\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProfit-share and ancillary\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eProfit-share mechanisms let International Seaways capture market spikes by sharing voyage upside with charterers and pool partners; this preserves cash flow volatility while leveraging spot rallies. Ancillary income from bunkers, laytime and technical\/agency services supplements voyage revenue; 2024 bunker markets averaged near $600\/ton, amplifying surcharge importance. Timely claims recoveries and demurrage enforce margins, while optional logistics and freight management services deepen customer value and stickiness.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eProfit-share: market upside capture\u003c\/li\u003e\n\u003cli\u003eAncillary: bunkers, laytime, services\u003c\/li\u003e\n\u003cli\u003eClaims: margin protection\u003c\/li\u003e\n\u003cli\u003eOptional services: customer retention\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSpot rallies, time-charters and COAs stabilize cash flow; ancillary income boosts margins\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eSpot, time‑charter and COA revenues drive International Seaways cash flows; 2024 saw strong spot upside and COA tenors commonly 6–24 months. Time charters stabilize earnings and support financing; pool distributions and profit‑share capture fleet‑scale gains. Ancillary income (bunker surcharges, demurrage, services) materially augments voyage revenue — 2024 bunker markets averaged near $600\/ton.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eStream\u003c\/th\u003e\n\u003cth\u003eRole\u003c\/th\u003e\n\u003cth\u003e2024 datum\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eSpot voyages\u003c\/td\u003e\n\u003ctd\u003eUpside\u003c\/td\u003e\n\u003ctd\u003eStrong 2024 rallies\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTime charters\u003c\/td\u003e\n\u003ctd\u003eStability\u003c\/td\u003e\n\u003ctd\u003eN\/A\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCOA\u003c\/td\u003e\n\u003ctd\u003eSmoothing\u003c\/td\u003e\n\u003ctd\u003eTenors 6–24 months\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAncillary\u003c\/td\u003e\n\u003ctd\u003eSurcharges\/claims\u003c\/td\u003e\n\u003ctd\u003eBunker ~$600\/ton\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e","brand":"PESTEL Analysis","offers":[{"title":"Default Title","offer_id":58098327552348,"sku":"intlseas-business-model-canvas","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/8127\/0620\/files\/intlseas-business-model-canvas.png?v=1781797878","url":"https:\/\/pestel-analysis.com\/products\/intlseas-business-model-canvas","provider":"PESTEL ANALYSIS","version":"1.0","type":"link"}