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International Seaways (INSW)\xa0CEO Lois\xa0Zabrocky\xa0and CFO Jeff\xa0Pribot\xa0joined\xa0Value Investor's Edge Live\xa0on Jan. 12, 2022, to discuss the crude tanker and product tanker markets and company prospects for 2022. INSW has survived the horrible COVID-19 related downturn in the sector and has completed a major merger along with strengthening the balance sheet and improving liquidity. INSW is prepared for almost any market and they should benefit from a significant catalyst by mid-2022 as they plan to either sell or refinance a joint venture, which should unlock $150M+ in free cash flow.\xa0
Topics Covered


(2:00)\xa0What is the current state of the tanker markets?


(4:15)\xa0Updates on the product tanker side of the business?


(6:45)\xa0Concerns about the heavy delivery schedule in 2022?


(9:30)\xa0Impact of EEXI to INSW and the overall market?


(11:30)\xa0Any concern about middle-aged tonnage, 2006-2008 types?


(14:15)\xa0Updates on the niche\xa0Panamax\xa0business?


(15:15)\xa0Any interest in secondhand purchases or\xa0newbuilds?


(17:15)\xa0Capital allocation balance: potential for more repurchases?


(21:00)\xa0Leverage and liquidity targets?


(22:30)\xa0FSO JV discussion: potential for cash-out refinance or sale?


(25:15)\xa0Valuation targets for\xa0FSOs\xa0and refinancing potential?


(27:15)\xa0Why does INSW still trade at a massive discount? Any actions?


(30:45)\xa0Any interest in conducting a tender offer later this year?


(33:45)\xa0Why invest with INSW as opposed to other tanker plays?