International Seaways has painted a bullish picture for its earnings prospects this quarter after posting narrower net losses for the July-September period.

The New York-listed tanker player recorded net losses of $16.5m on shipping revenues of $69m in the third quarter, compared with net losses of $18.8m on revenues of $56.9m in the same period of 2018.

According to its quarterly report, the company achieved better results due to improved spot tanker earnings despite a $1.6m