Bitcoin set for a rebound that could stretch toward $100000, BTIG says
International Seaways (NYSE:INSW) Senior Vice President Derek G. Solon sold 3,500 shares of common stock on November 10, 2025, for approximately $187,979. The sales were executed in multiple trades at prices ranging from $53.52 to $53.83.
Following the transaction, Solon directly owns 49,393 shares of International Seaways.
The sale was disclosed in a Form 4 filing with the Securities and Exchange Commission. The filing was signed by James D. Small III, Attorney-in-Fact, pursuant to power of attorney previously filed.
In other recent news, BTIG has raised its price target for Frontline Ltd. to $30, up from $25, while maintaining a Buy rating. The increase is attributed to strong tanker rates and positive market dynamics. Notably, VLCC spot rates have recently reached $96,000 per day, with scrubber-fitted VLCCs commanding approximately $105,000 per day. This marks a significant recovery from July when rates were around $27,000. In another development, International Seaways, Inc. has successfully placed $250 million in new senior unsecured bonds in the Nordic bond market. These bonds, which will mature in September 2030, carry a fixed coupon of 7.125% per annum, payable semi-annually. The company intends to list these bonds on the Oslo Stock Exchange.
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