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Average Age of Fleet in Years indicates the average age of fleet of this coompany. Companies with a higher average age of fleet may need to spend more on buying new ships, which reduces cash position in the future. Usually it reflects that the company has financial problems and failed to buy new fleets. Under rare situations it reflects good maintenance for existing fleets and extending their life.
The historical rank and industry rank for International Seaways's Average Age of Fleet in Years or its related term are showing as below:
The historical data trend for International Seaways's Average Age of Fleet in Years can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
International Seaways Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Average Age of Fleet in Years | Get a 7-Day Free Trial | ||||||||||
Fleet Operating Days # | Get a 7-Day Free Trial |
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Trend | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |||||||||||||||||||||
Average Age of Fleet in Years | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Fleet Operating Days # | Get a 7-Day Free Trial |
For the Oil & Gas Midstream subindustry, International Seaways's Average Age of Fleet in Years, along with its competitors' market caps and Average Age of Fleet in Years data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
International Seaways (NYSE:INSW) Average Age of Fleet in Years Explanation
Companies with a higher average age of fleet may need to spend more on buying new ships, which reduces cash position in the future. Usually it reflects that the company has financial problems and failed to buy new fleets. Under rare situations it reflects good maintenance for existing fleets and extending their life. Companies with a lower average age of fleet may also have a higher depreciation.
According to the data from statista.com, as of 2020, the average age of all ships in the world merchant fleet was just over 20 years. General cargo ships were the oldest type of vessels with an average age of around 26 years; likewise, over 65 percent of the world's cargo ships were older than 14 years, in contrast with over 18 percent of bulk carriers.
Thank you for viewing the detailed overview of International Seaways's Average Age of Fleet in Years provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeffrey Pribor | officer: Chief Financial Officer | 35 WEST 56TH STREET, NEW YORK NY 10019 |
Derek G. Solon | officer: VP and Chief Comm. Officer | C/O INTERNATIONAL SEAWAYS, INC., 600 THIRD AVENUE, 39TH FLOOR, NEW YORK NY 10016 |
Small James D Iii | officer: SVP & Secretary | C/O OVERSEAS SHIPHOLDING GROUP, INC., 1301 AVENUE OF THE AMERICAS, 42ND FLOOR, NEW YORK NY 10019 |
Lois K Zabrocky | director, officer: President | 666 THIRD AVENUE, 5TH FLOOR, NEW YORK NY 10017 |
Douglas D Wheat | director | C/O HAAS WHEAT & PARTNERS LP, 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201 |
Randee E Day | director | 217 DEBRA LANE, PALM BEACH FL 33480 |
David I Greenberg | director | ALTRIA GROUP INC, 120 PARK AVE, NEW YORK NY 10017 |
William F. Nugent | officer: VP and Head of Shipping Ops. | C/O INTERNATIONAL SEAWAYS, INC., 600 THIRD AVENUE, 39TH FLOOR, NEW YORK NY 10465 |
Ian T Blackley | director, officer: Senior Vice President & CFO | 666 THIRD AVENUE, NEW YORK NY 10017 |
Stevenson Craig H Jr | director | C/O OMI CORP, ONE STATION PL, STAMFORD CT 06902 |
Adewale Oshodi | officer: Controller | 1301 AVENUE OF THE AMERICAS, 42ND FLOOR, C/O OVERSEAS SHIPHOLDING GROUP, INC., NEW YORK NY 10019 |
Famatown Finance Ltd | 10 percent owner | C/O SEATANKERS MANAGEMENT CO. LTD, P. O. BOX 53562, LIMASSOL G4 CY 3399 |
C.k. Ltd | 10 percent owner | 28 ESPLANADE STREET, ST. HELIER Y9 JE4 2QP |
Greenwich Holdings Ltd. | 10 percent owner | C/O SEATANKERS MANAGEMENT CO. LTD., P.O. BOX 53562, LIMASSOL G4 CY 3399 |
Alexandra Kate Blankenship | director | 33 BENEDICT PLACE, 2ND FLOOR, GREENWICH CT 06830 |
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