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Table of Contents SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 X ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31 , 2020 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number 1-37836-1 FORM 10 - K FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 ( Mark One ) Title of each class Common Stock ( no par value ) 8.5 % Senior Notes due 2023 Marshall Islands ( State or other jurisdiction of incorporation or organization ) 600 Third Avenue , 39th Floor , New York , New York ( Address of principal executive offices ) INTERNATIONAL SEAWAYS , INC . ( Exact name of registrant as specified in its charter ) Large accelerated filer Emerging growth company Registrant's telephone number , including area code : 212-578-1600 Securities registered pursuant to Section 12 ( b ) of the Act : 98-0467117 ( I.R.S. Employer Identification Number ) 10016 ( Zip Code ) Ticker Symbol INSW INSW - PA Securities registered pursuant to Section 12 ( g ) of the Act : None Indicate by check mark if the registrant a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Exchange Act . Yes No > Indicate by check mark whether the registrant : ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( Section 232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes No Accelerated filer > Name of each exchange on which registered New York Stock Exchange New York Stock Exchange Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , smaller reporting company or emerging growth company . See definitions of " large accelerated filer , " " accelerated filer , " " smaller reporting company " and " emerging growth company " in Rule 12b - 2 of the Exchange Act . Non - accelerated filer Smaller reporting company If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . × Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Yes No Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . Yes No The aggregate market value of the common equity held by non - affiliates of the registrant on June 30 , 2020 , the last business day of the registrant's most recently completed second quarter , was $ 385,512,676 , based on the closing price of $ 16.34 per share of common stock on the NYSE on that date . For this purpose , all outstanding shares of common stock have been considered held by non - affiliates , other than the shares beneficially owned by directors , officers and certain 5 % shareholders of the registrant ; certain of such persons disclaim that they are affiliates of the registrant . The number of shares outstanding of the issuer's common stock , as of March 8 , 2021 : common stock , no par value , 28,014,877 shares . DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant's definitive proxy statement to be filed by the registrant in connection with its 2020 Annual Meeting of Shareholders are incorporated by reference in Part III