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International Seaways ( (INSW) ) has shared an update.
International Seaways, Inc. has announced the termination of its Retiree Health and Welfare Plan, with plans to distribute deferred amounts to participants. This decision, expected to impact the company’s retiree benefits structure, will comply with Treasury regulations and is anticipated to take place between 12 to 24 months after the termination date, reflecting a strategic shift in the company’s benefits management.
More about International Seaways
International Seaways, Inc. operates in the shipping industry, providing international seaborne transportation services. The company primarily focuses on the transportation of crude oil, petroleum products, and other bulk liquid cargoes worldwide.
YTD Price Performance: -12.81%
Average Trading Volume: 802,204
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.73B
For an in-depth examination of INSW stock, go to TipRanks’ Stock Analysis page.
