Lois Zabrocky on sanctions
From Capital Link 2026 Corporate Presentation Series - International Seaways, Inc. · · Capital Link Inc
“We have over 800 tankers that are essentially operating under sanctions at this time. And that includes a heavy amount of VLCC's, which is somewhere around 140.”
On , Lois Zabrocky, President, Chief Executive Officer & Director at INTERNATIONAL SEAWAYS INC, spoke about sanctions during Capital Link 2026 Corporate Presentation Series - International Seaways, Inc. on Capital Link Inc.
About Lois Zabrocky
Lois Zabrocky, President and CEO of International Seaways, has been active in industry conferences and earnings calls through late 2025 and early 2026. On the company’s Q4 2025 earnings call in February 2026, she announced a combined quarterly dividend of $2.15 per share, stating that the company had returned over $1 billion to shareholders since 2020. She described the tanker market fundamentals as supportive of a continued upcycle and noted that the company had $724 million in total liquidity, a net loan-to-value ratio below 13%, and a spot cash breakeven rate under $15,000 per day. Zabrocky also highlighted the consolidation of legitimate VLCC tonnage by a major player as a source of market strength. In other public appearances, Zabrocky discussed the impact of geopolitical tensions on shipping, including sanctions on over 800 tankers and the risks to seafarers in conflict zones. She stated that International Seaways would not transit the Red Sea until hostilities ceased, following the killing of a seafarer by Houthi forces. On decarbonization, she said the industry needs scalable, economically viable fuels and that International Seaways is investing in dual-fuel LNG vessels while monitoring other alternatives. She also expressed skepticism about open-loop scrubbers and called for pragmatic IMO regulations. Zabrocky emphasized the company’s strategy of fleet renewal, maintaining a young fleet, and balancing shareholder returns with balance sheet strength.