---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-116371"
form_type: "8-K"
ticker: "INSW"
cik: "0001679049"
company_name: "International Seaways, Inc."
filed_at: "2026-10-16T10:04:09+00:00"
generated_at: "2026-10-16T10:05:11.749872+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# International Seaways to acquire Bruton for ~$370M; posts prelim Q3 net income $340-350M

## Summary
- Deal values Bruton at ~$370M; Seaways issues ~3.12M INSW shares (~96% of consideration), exchange ratio 0.0519 INSW per Bruton share; holders of 10,000 or fewer shares get $6.3044 cash.
- First-Step Exchange for 50.5% of Bruton shares settles on/about Oct 20, 2026; Bruton shareholder vote ~Oct 30; merger expected to close promptly; outside date Nov 15, 2026.
- Bruton adds 4 VLCC vessels, including newbuildings, to Seaways' fleet of ~70 crude and product tankers; CEO Lois K. Zabrocky calls the transaction accretive.
- Prelim Q3 2026: revenue ~$480-490M, net income ~$340-350M including ~$50M gain on sale of a 2012-built Suezmax; total liquidity ~$965M ($455M cash, $510M undrawn revolver).
- Blended spot earnings ~$68,000/day in Q3 2026 vs $79,000 in Q2 2026 and $29,000 in Q3 2025; Q4-to-date fixed ~$180,000/day on ~37% of expected revenue days; full Q3 results Nov 5.

## SEC filing metadata
- accession: 0001104659-26-116371
- form_type: 8-K
- ticker: INSW
- cik: 0001679049
- company_name: International Seaways, Inc.
- filed_at: 2026-10-16T10:04:09+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679049/000110465926116371/0001104659-26-116371-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679049/000110465926116371/tm2627713d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-116371
- JSON: https://secwatch.observer/filing/0001104659-26-116371.json
- Plain text: https://secwatch.observer/filing/0001104659-26-116371.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.