$NSW vs $TK: Examining Tanker Shipping Performance Amid Elevated Freight Rates Both INSW and TK operate in the tanker shipping sector and have benefited from elevated spot rates driven by geopolitical disruptions in key waterways during recent market activity. INSW reported record Q2 2026 adjusted net income of $295 million ($5.91 per share) with a $5.05 per share dividend, reflecting strong free cash flow and a low net loan-to-value ratio of 6%.