SCHEDULE 13G/A: BlackRock Discloses 12.3% Stake in International Seaways, Inc. Common Stock
Beneficial Ownership Report
BlackRock, Inc. has filed an amended Schedule 13G, revealing a beneficial ownership of 12.3% of International Seaways, Inc.'s common stock as of March 31, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 6,073,613 shares of International Seaways, Inc. Common Stock.
- This stake represents 12.3% of the total outstanding common stock of International Seaways, Inc.
- BlackRock holds sole voting power over 5,989,880 shares and sole dispositive power over 6,073,613 shares.
- The filing is an Amendment No. 9 to a Schedule 13G, indicating a series of previous filings for this stake.
- BlackRock certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- One of BlackRock's entities, iShares Core S&P Small-Cap ETF, is noted to have an interest exceeding 5% of the total outstanding common stock.
- The filing was made by BlackRock as a parent holding company and control person.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership by BlackRock, Inc. in International Seaways, Inc. It does not contain performance data, forward-looking statements, or strategic updates from the issuer that would indicate a specific sentiment. The large institutional stake by BlackRock could be viewed as a neutral to slightly positive signal of confidence, but the filing itself is purely informational.
Future Outlook
NA
Industry Context
This filing indicates a significant institutional investment by BlackRock in International Seaways, Inc., a company operating in the maritime shipping industry. Such a substantial stake by a major asset manager like BlackRock suggests a notable position within the sector, though the filing itself does not provide broader industry analysis or competitive positioning.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake (12.3%) by BlackRock may provide a degree of confidence or stability, indicating a major investor's continued interest in International Seaways, Inc.
- Employees, Customers, Suppliers, Creditors: This filing does not contain information that directly indicates an impact on these stakeholders.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of previous Power of Attorney revoked by the current one. |
| 2025-01-21 | Date of execution of the current Power of Attorney by BlackRock, Inc. |
| 2025-03-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-04-30 | Date of filing of this Schedule 13G Amendment No. 9. |
Keywords
International Seaways Inc., BlackRock, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Y41053102, Shipping, Maritime
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.