SCHEDULE: International Seaways Stakeholder Group Amends 13D Filing

Famatown Finance Limited, Greenwich Holdings Limited, and C.K. Limited have filed an amendment to their Schedule 13D, reporting their beneficial ownership of International Seaways, Inc. common stock.

Summary

• This filing is an amendment (Amendment No. 5) to a Schedule 13D concerning International Seaways, Inc. (the "Issuer").
• The reporting persons are Famatown Finance Limited ("Famatown"), Greenwich Holdings Limited ("Greenwich Holdings"), and C.K. Limited ("C.K. Limited").
• Famatown and Greenwich Holdings are Cyprus-based investment holding companies.
• C.K. Limited, a Jersey company, acts as the trustee for trusts that indirectly hold all shares of Famatown and Greenwich Holdings.
• The reporting persons collectively beneficially own 7,254,022 shares of International Seaways, Inc. common stock.
• This ownership represents approximately 14.65% of the Issuer's outstanding common stock, based on 49,504,696 shares outstanding as of May 5, 2026.
• There are no material changes to the purpose of the transaction or source and amount of funds from previous filings.
• The filing details transactions effected in the open market by Famatown Finance Limited in the past sixty days, primarily consisting of sales.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily an update to existing beneficial ownership information with disclosed sales activity, without significant new strategic information or financial performance indicators.

Negatives

• Famatown Finance Limited has engaged in significant open market sales of International Seaways, Inc. common stock in the past 60 days, totaling 556,472 shares.

Future Outlook

No specific forward-looking statements or guidance were provided in this amendment.

Management Comments

• Mr. Fredriksen established the trusts for the benefit of his immediate family. He is neither a beneficiary nor a trustee of either Trust. Therefore, Mr. Fredriksen has no economic interest in such shares of Common Stock and disclaims any control over such shares of Common Stock, save for any indirect influence he may have with C.K. Limited, as the trustee of the Trusts, in his capacity as the settlor of the Trusts.

Industry Context

StockSavvy.ai notes that this Schedule 13D amendment from a significant stakeholder group indicates ongoing activity and potential strategic considerations within the International Seaways, Inc. shareholder base, particularly given the reported sales activity.

Stakeholder Impact

• Shareholders: The reported sales by Famatown Finance Limited may influence market perception and potentially impact share price due to the sale of a significant block of shares.
• Management and Board of Directors: The continued significant ownership stake by the reporting persons suggests they remain influential stakeholders, which could impact corporate strategy and governance decisions.

Key Dates

Recommendation

The filing indicates a significant shareholder group maintaining their stake while also engaging in recent sales. Without further context on the reasons for the sales or the overall strategy of the reporting persons, a 'hold' recommendation is appropriate, suggesting investors monitor future filings and company performance.

Keywords

Schedule 13D, International Seaways, Famatown Finance Limited, Greenwich Holdings Limited, C.K. Limited, Beneficial Ownership, SEC Filing, Common Stock, Investment Holding Company, Trustee