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International Seaways, Inc.
International Seaways entered into a joinder agreement on October 19, 2026, regarding its existing $500 million revolving credit facility. Under this agreement, the subsidiary Liberty Tanker Company LLC has become a subsidiary guarantor and pledged one VLCC tanker as collateral. This vessel serves as a replacement for a previously sold collateral vessel announced in the third quarter of 2026.…more
International Seaways, Inc.
International Seaways is set to complete its merger with Bruton Limited on November 2, 2026. Following the merger, Bruton will be delisted from the Euronext Growth Oslo, with trading suspended effective November 3, 2026. Shareholders will receive either cash or International Seaways common stock as merger consideration.…more
International Seaways, Inc.
International Seaways, Inc. (INSW) completed exchange transactions on October 20 and 21, 2026, issuing 1,624,036 shares of its common stock in exchange for interests in Bruton Limited common shares. These shares were issued in an unregistered transaction relying on the Section 4(a)(2) exemption.…more
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International Seaways Expands Fleet with $370M Acquisition and Reports Strong Q3…more
International Seaways announced a $370 million acquisition of Bruton Limited to expand its tanker fleet alongside preliminary third-quarter results showing significant year-over-year growth in shipping rates. The company is funding the acquisition primarily through stock issuance while maintaining a strong liquidity position.…more
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International Seaways will acquire Bruton in a deal valued at approximately $370 million, gaining four VLCC vessels. The company plans to issue about 3.12 million shares to facilitate the acquisition.…more
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