SCHEDULE: FMR LLC Discloses 7.4% Stake in International Seaways
Beneficial Ownership Disclosure (Schedule 13G)
FMR LLC and its affiliates, including Abigail P. Johnson, reported a 7.4% beneficial ownership stake in International Seaways Inc. common stock.
Summary
- FMR LLC and Abigail P. Johnson, as reporting persons, beneficially own 3,675,633.01 shares of International Seaways Inc. common stock.
- This aggregate amount represents 7.4% of the total outstanding common stock of International Seaways Inc.
- FMR LLC holds sole voting power over 3,671,404.00 shares and sole dispositive power over 3,675,633.01 shares.
- Abigail P. Johnson, as an individual, holds sole dispositive power over 3,675,633.01 shares, with no sole or shared voting power directly attributed.
- The filing indicates that the securities were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing control of International Seaways Inc.
- Fidelity Management & Research Company LLC and Strategic Advisers LLC are identified as relevant entities within FMR LLC that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The filing is a standard beneficial ownership disclosure (Schedule 13G) by a passive institutional investor. It does not contain information that would significantly alter the fundamental outlook or performance of International Seaways Inc., thus maintaining a neutral sentiment.
Positives
- A significant institutional holding by FMR LLC, a major asset manager, can be interpreted as a vote of confidence in International Seaways Inc. by a sophisticated investor.
Negatives
- NA
Risks
- No specific risks to International Seaways Inc.'s operations or financial health were disclosed in this beneficial ownership filing.
Future Outlook
This filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding International Seaways Inc.'s future performance or outlook.
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11." (Certification by FMR LLC and Abigail P. Johnson)
Industry Context
International Seaways Inc. operates in the global shipping industry, primarily transporting crude oil and petroleum products. The disclosure of a significant passive stake by a major institutional investor like FMR LLC is a routine event in the public markets, indicating an investment position rather than an intent to influence the company's strategic direction.
Stakeholder Impact
- Shareholders: The disclosure of a significant stake by a reputable institutional investor like FMR LLC may be viewed positively, potentially signaling confidence in the company's long-term value, although the filing explicitly states no intent to influence control.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC signatory Stephanie J. Brown. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number: -23-000003) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson signatory Stephanie J. Brown. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (accession number: -23-000038) was incorporated by reference. |
| 2025-09-30 | Date of event which requires filing of this statement (date beneficial ownership percentage was determined). |
| 2025-11-04 | Signature date of the Schedule 13G filing. |
Keywords
International Seaways Inc., FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Shipping Industry
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