EPS Ventures Ltd Amends International Seaways Stake
Ticker: INSW · Form: SC 13G/A · Filed: Feb 7, 2024 · CIK: 1679049
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, shareholder-update
TL;DR
**EPS Ventures Ltd still a major holder in International Seaways.**
AI Summary
EPS Ventures Ltd, a company based in the Republic of the Marshall Islands, filed an amended Schedule 13G/A on February 7, 2024, indicating its ownership of International Seaways, Inc. common stock as of December 31, 2023. This filing, an amendment to a previous disclosure, shows that EPS Ventures Ltd is a significant shareholder, operating under Rule 13d-1(c). This matters to investors because large institutional holdings can influence stock stability and future corporate actions, signaling confidence or potential shifts in ownership strategy.
Why It Matters
This filing confirms EPS Ventures Ltd's continued significant ownership in International Seaways, Inc., which can impact the stock's liquidity and investor sentiment.
Risk Assessment
Risk Level: low — This is an amendment to a previous filing, indicating a routine update rather than a new, unexpected event.
Analyst Insight
Investors should note the continued presence of EPS Ventures Ltd as a significant shareholder, which suggests stability in the ownership structure of International Seaways, Inc. and no immediate red flags regarding major divestitures.
Key Players & Entities
- EPS Ventures Ltd (company) — the reporting person and beneficial owner of International Seaways, Inc. shares
- International Seaways, Inc. (company) — the subject company whose securities are being reported
- Republic of the Marshall Islands (company) — place of organization for EPS Ventures Ltd
- December 31, 2023 (date) — date of the event requiring the filing
- February 7, 2024 (date) — date the SC 13G/A amendment was filed
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is EPS Ventures Ltd, as stated in Item 1 of the Schedule 13G/A.
What is the subject company of this filing?
The subject company is International Seaways, Inc., as indicated in the 'Name of Issuer' section of the filing.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common stock, no par value, of International Seaways, Inc. is Y41053102.
What rule under the Securities Exchange Act of 1934 is this Schedule 13G/A filed under?
This Schedule 13G/A is filed under Rule 13d-1(c), as indicated by the checked box on the cover page.
Filing Stats: 1,142 words · 5 min read · ~4 pages · Grade level 10.9 · Accepted 2024-02-07 12:09:10
Filing Documents
- sc13ga1.htm (SC 13G/A) — 68KB
- 0001341004-24-000026.txt ( ) — 70KB
(a)
Item 1(a). Name of Issuer: International Seaways, Inc.
(b)
Item 1(b). Address of Issuer's Principal Executive Offices: 600 Third Avenue, 39 th Floor, New York, New York, 10016
(a)
Item 2(a). Name of Person Filing: EPS Ventures Ltd Quantum Pacific Shipping Limited
(b)
Item 2(b). Address of Principal Business Office or, if None, Residence: For EPS Ventures Ltd: the Trust Company, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960. For Quantum Pacific Shipping Limited : 80 Broad Street, Monrovia, Liberia.
(c)
Item 2(c). Citizenship: EPS Ventures Ltd: the Republic of the Marshall Islands Quantum Pacific Shipping Limited: the Republic of Liberia
(d)
Item 2(d). Title and Class of Securities: Common stock, no par value
(e)
Item 2(e). CUSIP No.: Y41053102 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under Section 15 of the Act; (b) Bank as defined in Section 3(a)(6) of the Act; (c) Insurance company as defined in Section 3(a)(19) of the Act; (d) Investment company registered under Section 8 of the Investment Company Act of 1940; (e) An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; (j) A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. (a) The information required by Items 4(a) is set forth in Row 9 of the cover page for each reporting person and is incorporated herein by reference. (b) The information required by Items 4(b) is set forth in Row 11 of the cover page for each reporting person and is incorporated herein by reference. (c) The information required by Items 4(c) is set forth in Rows 5-8 of the cover page for each reporting person and is incorporated herein by reference. Item 5. Not applicable. Item 6. Not applicable Item 7. Identification and classification of the subsidiary which acquired the security being reported on by the par