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 16 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
International Seaways's reported carbon emissions
In 2023, International Seaways reported carbon emissions of approximately 1,906,017,000 kg CO2e, with emissions primarily from Scope 1. The company also recorded Scope 2 emissions of about 37,040 kg CO2e. This marks a slight decrease in emissions intensity compared to previous years, with a Scope 1 and 2 emission factor of approximately 1.78 kg CO2e per unit of revenue. In 2022, the total emissions were around 1,922,820,000 kg CO2e for Scope 1 and about 17,590 kg CO2e for Scope 2. The trend indicates a focus on improving energy efficiency, as reflected in their Fleet Energy Efficiency Operational Indicator (EEOI), which was approximately 0.0075 in 2023 and 0.00801 in 2022. Despite these figures, International Seaways has not disclosed specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of defined reduction initiatives suggests a need for further clarity on their long-term climate strategy. Overall, the company is actively monitoring its emissions but has yet to establish formal reduction targets.
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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 committed to any reduction initiatives 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.
