International Seaways Adds to VLCC Fleet with $370 Million Bruton Deal

Deal adds four modern crude tankers as International Seaways reports sharply higher spot earnings entering the fourth quarter.

International Seaways has agreed to acquire Oslo-listed Bruton Limited in a deal valued at approximately $370 million, adding four very large crude carriers (VLCCs) to its fleet as tanker earnings remain elevated.

The New York-based tanker owner announced the agreement Friday, saying the acquisition will expand its fleet of approximately 70 crude oil and product tankers. The deal includes one VLCC already in operation and three newbuildings under construction at China’s New Times Shipyard.

The acquisition comes alongside preliminary financial results showing strong