From Pulse 2.0 · Amit Chowdhry · · 50s
International Seaways Acquires Bruton For $370m
International Seaways to buy Bruton in $370m deal to grow its tanker fleet.
In brief
International Seaways to buy Bruton in $370m deal to grow its tanker fleet. International Seaways acquires Bruton Limited for $370 million to expand its very large crude carrier fleet. Originally reported by Pulse 2.0.
Acquisition Deal
International Seaways agreed to acquire Bruton Limited in a $370 million deal to expand its very large crude carrier fleet.
Fleet Expansion
The deal adds Bruton’s four VLCC vessels, including newbuildings, to International Seaways’ fleet of 70 vessels.
Shareholder Exchange
Bruton shareholders will receive 0.0519 International Seaways shares per Bruton share in the first exchange.
Transaction Timeline
The merger is expected to close on or about October 20, 2026, after a shareholder vote on October 30, 2026.
Financial Results
International Seaways reported $480m-$490m shipping revenue and $340m-$350m net income for Q3 2026.
The big picture
International Seaways acquires Bruton Limited for $370 million to expand its very large crude carrier fleet.
