International Seaways
International Seaways, Inc., a prominent player in the maritime transportation industry, is headquartered in the United States. Founded in 2016, the company has rapidly established itself as a leader in the global shipping sector, specialising in the transportation of crude oil and petroleum products. With a diverse fleet operating primarily in key regions such as the Atlantic Basin and the Middle East, International Seaways offers a range of services that include tanker operations and marine logistics. The company is recognised for its commitment to safety and environmental sustainability, setting it apart in a competitive market. Notable achievements include a strong market position bolstered by strategic partnerships and a focus on innovative shipping solutions. International Seaways continues to navigate the complexities of the maritime industry, ensuring reliable and efficient service for its clients worldwide.
DitchCarbon Score
How does International Seaways's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Maritime Transport industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
International Seaways's score of 27 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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International Seaways's reported carbon emissions
In 2023, International Seaways reported significant carbon emissions, with Scope 1 emissions totalling approximately 1,906,017,000 kg CO2e and Scope 2 emissions at about 37,040 kg CO2e. This reflects a slight decrease in Scope 1 emissions from 2022, where they were approximately 1,922,820,000 kg CO2e, while Scope 2 emissions increased from about 17,590 kg CO2e in the previous year. The company is committed to ambitious climate targets, aiming to reduce its Scope 1 and 2 emissions to near zero by 2025. This commitment aligns with the International Maritime Organization's (IMO) 2018 Greenhouse Gas Strategy, which seeks to halve total annual emissions from international shipping by 2050, compared to 2008 levels. International Seaways has demonstrated a proactive approach to addressing its carbon footprint, focusing on operational efficiency and sustainability within the maritime industry. The company continues to monitor and report its emissions, striving for transparency and accountability in its climate commitments.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,053,451,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | 00,000 | 00,000 |
| Scope 3 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
International Seaways is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
