International Seaways has answered an open letter from its largest shareholder with a robust defence of its shareholder practices and value creation by its management.
International Seaways’ statement on Tuesday came a day after Famatown Finance ripped a decision by Seaways’ board to place a “poison pill” in its bylaws blocking further share accumulation by the John Fredriksen entity.
Famatown has amassed a 16.6%
