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    New Universal Shelf Registration Might Change The Case For Investing In International Seaways (INSW)

    Simply Wall St·12/22/2025 05:15:42
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    • On 19 December 2025, International Seaways, Inc. filed a universal shelf registration that covers common and preferred stock, debt securities, warrants, and units, giving it pre-cleared flexibility to issue a broad mix of securities as needed.
    • This broad-based shelf registration signals that International Seaways is preparing tools for potential future capital raising or corporate moves that could influence how it funds fleet investment and balance sheet priorities.
    • Next, we’ll examine how this new universal shelf capacity could alter International Seaways’ investment narrative around capital flexibility and growth.

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    International Seaways Investment Narrative Recap

    To own International Seaways, you need to be comfortable with a tanker business that leans into volatile spot markets while juggling heavy capital needs, regulatory pressure and a long-term energy transition away from fossil fuels. The new universal shelf registration increases the company’s near term financial flexibility, but does not materially change the key short term catalyst of tanker market conditions or the main risk that earnings are forecast to decline in coming years.

    The most relevant recent development alongside the shelf filing is the US$250.0m 7.125% senior unsecured bond issue due 2030, which was used in part to repurchase six VLCCs. Together, the bond financing and universal shelf expand International Seaways’ toolkit for managing its fleet age profile and liquidity, both central to how it responds to shifting tanker supply, environmental rules and spot rate swings.

    Yet investors also need to be aware that heavier compliance costs and future fleet upgrades could...

    Read the full narrative on International Seaways (it's free!)

    International Seaways' narrative projects $848.0 million revenue and $288.7 million earnings by 2028. This requires 2.0% yearly revenue growth and about a $50.1 million earnings increase from $238.6 million today.

    Uncover how International Seaways' forecasts yield a $57.67 fair value, a 19% upside to its current price.

    Exploring Other Perspectives

    INSW 1-Year Stock Price Chart
    INSW 1-Year Stock Price Chart

    Six fair value estimates from the Simply Wall St Community span roughly US$47 to about US$120 per share, with views spread across the full range. Against this wide dispersion, the risk that earnings are forecast to decline over the next three years gives you a clear issue to test when weighing these different outlooks.

    Explore 6 other fair value estimates on International Seaways - why the stock might be worth just $47.00!

    Build Your Own International Seaways Narrative

    Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.