International Seaways buys Bruton in $370M VLCC deal

Tanker operator International Seaways agreed to acquire Oslo-listed Bruton Limited in a series of transactions valuing Bruton at about $370 million. The deal adds Bruton's four VLCC vessels, including newbuildings, to Seaways' diversified crude and product tanker fleet.

Why it matters: It deepens Seaways' exposure to very large crude carriers, the workhorses of long-haul crude oil trade.