International Seaways to acquire Bruton Limited in $370M deal

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Go back to International Seaways to acquire Bruton Limited in $370M deal

International Seaways Expands VLCC Fleet Through Strategic Combination with Bruton Limited.

October 16, 2026 2:30 AM EDT

Agrees to Acquire 50.5% Interest Directly from Bruton Shareholders

Executes Transaction Agreement to Acquire Remaining Shares of Bruton Limited by Merger

Announces Preliminary Third Quarter 2026 Results

NEW YORK--(BUSINESS WIRE)-- International Seaways, Inc. (NYSE: INSW) (the Company, Seaways, or INSW), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today announced the execution of agreements to acquire Bruton Limited (OSL: BRUT) (Bruton), in a series of transactions that values Bruton at approximately $370 million.

The transaction combines Brutons 4 VLCC vessels, including newbuildings, with... More