International Seaways Expands Global Tanker Fleet With Bruton Acquisition
International Seaways (INSW) agrees to a $370M acquisition of Bruton, expanding its fleet as premarket stock climbs.
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8-K filing — International Seaways, Inc. (INSW)
Filed: 2026-10-16 AccNo: 0001104659-26-116371 Size: 936 KB Item 1.01: Entry into a Material Definitive Agreement Item 3.02: Unregistered Sales of Equity Securities Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
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International Seaways Sees Q3 Revenues Of $480M-$490M, Net Income Of $340M-$350M; Blended Spot Earnings $68,000 Per Day, Up From $29,000 YoY
The Company also today announced selected preliminary financial results for the third quarter of 2026.Based on information currently available, the Company expects:Shipping Revenues and Other Operating Revenues of
International Seaways To Acquire Bruton In About $370M Deal, Buying 50.5% Directly, Adding 4 VLCCs; To Issue About 3.12M INSW Shares
Seaways has entered into exchange agreements with Bruton shareholders holding approximately 50.5% of Bruton’s outstanding common shares, to immediately acquire those shares in exchange for 0.0519 INSW shares for each