0000919574-26-002832.txt : 20260511 0000919574-26-002832.hdr.sgml : 20260511 20260511160512 ACCESSION NUMBER: 0000919574-26-002832 CONFORMED SUBMISSION TYPE: SCHEDULE 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20260511 DATE AS OF CHANGE: 20260511 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: International Seaways, Inc. CENTRAL INDEX KEY: 0001679049 STANDARD INDUSTRIAL CLASSIFICATION: WATER TRANSPORTATION [4400] ORGANIZATION NAME: 01 Energy & Transportation EIN: 980467117 STATE OF INCORPORATION: 1T FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SCHEDULE 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-89718 FILM NUMBER: 26963113 BUSINESS ADDRESS: STREET 1: 600 THIRD AVENUE STREET 2: 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10016 BUSINESS PHONE: 2129534100 MAIL ADDRESS: STREET 1: 600 THIRD AVENUE STREET 2: 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10016 FORMER COMPANY: FORMER CONFORMED NAME: OSG International, INC DATE OF NAME CHANGE: 20160707 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Famatown Finance Ltd CENTRAL INDEX KEY: 0001560220 ORGANIZATION NAME: EIN: 000000000 STATE OF INCORPORATION: G4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SCHEDULE 13D/A BUSINESS ADDRESS: STREET 1: DEANA BEACH APARTMENTS, BLOCK 1, 4TH FL. STREET 2: 33 PROMACHON ELEFTHERIAS STREET CITY: LIMASSOL STATE: G4 ZIP: CY 4103 BUSINESS PHONE: 357 25 858 300 MAIL ADDRESS: STREET 1: C/O SEATANKERS MANAGEMENT CO. LTD STREET 2: P. O. BOX 53562 CITY: LIMASSOL STATE: G4 ZIP: CY 3399 SCHEDULE 13D/A 1 primary_doc.xml X0202 SCHEDULE 13D/A 0001560220 XXXXXXXX LIVE 5 Common Stock, no par value 05/08/2026 false 0001679049 Y41053102 International Seaways, Inc.
600 Third Avenue 39th Floor New York NY 10016
Famatown Finance Limited 357-25-858-300 33 Promachon Eleftherias St, Deana Beach Block 1, Floor 4, Ayios Athanasios Limassol G4 4103 Keith J. Billotti, Esq. 212-574-1200 Seward & Kissel LLP One Battery Park Plaza New York NY 10004 0001560220 N Famatown Finance Limited a WC N G4 0.00 7254022.00 0.00 7254022.00 7254022.00 N 14.65 CO 0001386989 N Greenwich Holdings Limited a OO N G4 0.00 7254022.00 0.00 7254022.00 7254022.00 N 14.65 CO 0001731638 N C.K. Limited a OO N Y9 0.00 7254022.00 0.00 7254022.00 7254022.00 N 14.65 CO *C.K. Limited is the trustee of two trusts (the "Trusts") that indirectly hold all of the shares of Greenwich Holdings Limited and Famatown Finance Ltd. Accordingly, C.K. Limited, as trustee, may be deemed to beneficially own the shares of Common Stock of the Issuer that are beneficially owned by Greenwich Holdings Limited. 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. Common Stock, no par value International Seaways, Inc. 600 Third Avenue 39th Floor New York NY 10016 This Amendment No. 5 to Schedule 13D (this "Amendment No. 5") amends and supplements the Amendment No. 4 to Schedule 13D (the "Amendment No. 4") filed with the U.S. Securities and Exchange Commission (the "Commission") on March 12, 2026, the Amendment No. 3 to Schedule 13D (the "Amendment No. 3") filed with the Commission on April 22, 2024, the Amendment No. 2 to Schedule 13D (the "Amendment No. 2") filed with the Commission on September 2, 2024, the Amendment No. 1 to Schedule 13D ("Amendment No. 1") filed with the Commission on May 12, 2022 and the Schedule 13D filed with the Commission on April 27, 2022 (collectively, as amended, the "Schedule 13D") filed by Famatown Finance Limited, a Cyprus company ("Famatown"); Greenwich Holdings Limited, a Cyprus company ("Greenwich Holdings"); and C.K. Limited, a Jersey company ("C.K. Limited"), with respect to the shares of common stock, no par value per share (the "Common Stock") of International Seaways, Inc. (the "Issuer"). Capitalized terms used in this Amendment No. 5 and not otherwise defined shall have the same meanings ascribed to them in the Schedule 13D. This Schedule 13D is being filed on behalf of the following: (i) Famatown; (ii) Greenwich Holdings; and (iii) C.K. Limited. Famatown, Greenwich Holdings and C.K. Limited are collectively referred to as the "Reporting Persons." Greenwich Holdings is the sole shareholder of Famatown. The shares of Famatown and Greenwich Holdings are indirectly held in the Trusts. C.K. Limited is the trustee of the Trusts. The address of Famatown's principal place of business is Deana Beach Apartments, Block 1, 4th Floor, 33 Promachon Eleftherias Street, Ayios Athanasios, 4103 Limassol, Cyprus. The address of Greenwich Holdings' principal place of business is Deana Beach Apartments, Block 1, 4th Floor, 33 Promachon Eleftherias Street, Ayios Athanasios, 4103 Limassol, Cyprus. The address of C.K. Limited's principal place of business is JTC House, 28 Esplanade, St. Helier, Jersey, Channel Islands JE4 2QP. Famatown The principal business of Famatown is acting as an investment holding company. The name and present principal occupation of Famatown's directors and the name, principal business and address of any corporation or other organization in which such employment is conducted is set forth below. Famatown does not have any executive officers. Christakis Theodoulou - Director - Mr. Theodoulou's principal business address is Deana Beach Apartments, Block 1, 4th Floor, 33 Promachon Eleftherias Street, Ayios Athanasios, 4103 Limassol, Cyprus. Costas Saveriades - Director - Mr. Saveriades' principal business address is Iris House, 7th Floor, 740B, 8 John Kennedy Street, 3106 Limassol, Cyprus. Christophis Koufaris - Director - Mr. Koufaris' principal business address is Iris House, 8th Floor, 840A, 8 John Kennedy Street, 3106 Limassol, Cyprus. Greenwich Holdings The principal business of Greenwich Holdings is acting as an investment holding company. The name and present principal occupation of Greenwich Holdings' directors and the name, principal business and address of any corporation or other organization in which such employment is conducted is set forth below. Greenwich Holdings does not have any executive officers. Christakis Theodoulou - Director - Mr. Theodoulou's principal business address is Deana Beach Apartments, Block 1, 4th Floor, 33 Promachon Eleftherias Street, Ayios Athanasios, 4103 Limassol, Cyprus. Kyriacos Kazamias - Director - Mr. Kazamias principal business address is Georgiou Drosini 6, Potamos Germasogeias, 4043 Limassol, Cyprus. Christophis Koufaris - Director - Mr. Koufaris' principal business address is Iris House, 8th Floor, 840A, 8 John Kennedy Street, 3106 Limassol, Cyprus. C.K. Limited The principal business of C.K. Limited is acting as trustee of the Trusts that indirectly hold all of the shares of Famatown and Greenwich Holdings. The name and present principal occupation of C.K. Limited's directors and the name, principal business and address of any corporation or other organization in which such employment is conducted is set forth below. C.K Limited does not have any executive officers. Christakis Theodoulou - Director - Mr. Theodoulou's principal business address is Deana Beach Apartments, Block 1, 4th Floor, 33 Promachon Eleftherias Street, Ayios Athanasios, 4103 Limassol, Cyprus. Elena Georgiou Varnava - Alternate Director to Christakis Theodoulou - Ms. Georgiou Varnava's principal business address is Deana Beach Apartments, Block 1, 4th Floor, 33 Promachon Eleftherias Street, Ayios Athanasios, 4103 Limassol, Cyprus. JTC Directors Limited - Corporate Director - JTC Directors Limited's business address is JTC House, 28 Esplanade, St. Helier, Jersey, Channel Islands JE2 3QA. JTC Directors Limited is organized in Jersey. Castle Directors Limited - Corporate Director - Castle Directors Limited's principal business address is JTC House, 28 Esplanade, St. Helier, Jersey, Channel Islands JE2 3QA. Castle Directors Limited is organized in Jersey. To the best knowledge of the Reporting Persons, none of the entities or persons identified in this Item 2 has, during the last five years, been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors). To the best knowledge of the Reporting Persons, none of the entities or persons identified in this Item 2 has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws, or finding violations with respect to such laws. Famatown Mr. Theodoulou is a citizen of Cyprus. Mr. Saveriades is a citizen of Cyprus. Mr. Koufaris is a citizen of Cyprus. Greenwich Holdings Mr. Theodoulou is a citizen of Cyprus. Mr Kazamias is a citizen of Cyprus Mr. Koufaris is a citizen of Cyprus. C.K. Limited Mr. Theodoulou is a citizen of Cyprus. Ms. Georgiou Varnava is a citizen of Cyprus. JTC Directors Limited is organized in Jersey. Castle Directors Limited is organized in Jersey. There are no material changes to the Schedule 13D. There are no material changes to the Schedule 13D. The following sentence is based on 49,504,696 shares of Common Stock outstanding as of May 5, 2026, as reported in the Issuer's Form 10-Q for the quarter ended March 31, 2026, which was filed with the Commission on May 7, 2026. Pursuant to Rule 13d-3 under the Act, the Reporting Persons may be deemed to beneficially own 7,254,022 shares of Common Stock, which constitutes approximately 14.65% of the outstanding shares of Common Stock of the Issuer. Famatown may be deemed to be the owner of 7,254,022 shares of Common Stock, constituting 14.65% of the shares of Common Stock outstanding. Famatown has the sole power to vote or direct the vote of 0 shares of Common Stock and the shared power to vote or to direct the vote of 7,254,022 shares of Common Stock. Famatown has the sole power to dispose or direct the disposition of 0 shares of Common Stock and the shared power to dispose or to direct the disposition of 7,254,022 shares of Common Stock. Greenwich Holdings, through Famatown, may be deemed to be the beneficial owner of 7,254,022 shares of Common Stock, constituting 14.65% of the shares of Common Stock outstanding. Greenwich Holdings has the sole power to vote or direct the vote of 0 shares of Common Stock and the shared power to vote or to direct the vote of 7,254,022 shares of Common Stock. Greenwich Holdings has the sole power to dispose or direct the disposition of 0 shares of Common Stock and the shared power to dispose or to direct the disposition of 7,254,022 shares of Common Stock. C.K. Limited, through Greenwich Holdings, may be deemed to be the beneficial owner of 7,254,022 shares of Common Stock, constituting 14.65% of shares of Common Stock outstanding. C.K. Limited has the sole power to vote or direct the vote of 0 shares of Common Stock and the shared power to vote or to direct the vote of 7,254,022 shares of Common Stock. C.K. Limited has the sole power to dispose or direct the disposition of 0 shares of Common Stock and the shared power to dispose or to direct the disposition of 7,254,022 shares of Common Stock. To the best of the Reporting Persons' knowledge, all transactions in the shares of Common Stock effected in the open market by the Reporting Persons since the most recent filing of the Schedule 13D are set forth in Schedule I to this Amendment No. 5. To the best knowledge of the Reporting Persons, no person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock beneficially owned by the Reporting Persons identified in this Item 5. Not applicable. The Reporting Persons' response to Item 4 is incorporated by reference into this Item 6. To the knowledge of the Reporting Persons, there are no other contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 with respect to any securities of the Issuer. Exhibit A - Joint Filing Agreement Schedule I - Information with Respect to Transactions Effected Famatown Finance Limited /s/ Christakis Theodoulou Christakis Theodoulou, Director 05/11/2026 Greenwich Holdings Limited /s/ Christakis Theodoulou Christakis Theodoulou, Director 05/11/2026 C.K. Limited /s/ Christakis Theodoulou Christakis Theodoulou, Director 05/11/2026 EX-99 2 d12158581_ex99-a.htm

 

 

 

 

Exhibit A

 

 

JOINT FILING AGREEMENT

Each of the undersigned hereby consents and agrees to the joint filing of this Schedule 13D, including any amendment(s) thereto, relating to the Common Shares of the Issuer.

    May 11, 2026
    (Date)
     
  FAMATOWN FINANCE LIMITED
     
  By: /s/ Christakis Theodoulou
  Name: Christakis Theodoulou
  Title: Director
     
  GREENWICH HOLDINGS LIMITED
     
  By: /s/ Christakis Theodoulou
  Name: Christakis Theodoulou
  Title: Director
     
  C.K. LIMITED
     
  By: /s/ Christakis Theodoulou
  Name: Christakis Theodoulou
  Title: Director
     

 

 

 

 EX-99 3 d12158581_ex99.htm

 

 

 

Schedule 1

Transactions Effected in the Past 60 Days

 

The following transactions in the shares of Common Stock were effected in open market sales by Famatown Finance Limited in the past sixty (60) days:

 

 

Date

 Amount of shares of Common Stock Bought/(Sold) Approx. Price ($) per Share
4/30/2026 (156,924) 81.276
5/1/2026 (150,000) 82.161
5/5/2026 (35,250) 85.085
5/6/2026 (135,000) 87.480
5/8/2026 (33,956) 90.663
5/11/2026 (45,342) 92.121