International Seaways buys Bruton for $370M, adds four VLCCs as spot rates surge

International Seaways agreed to acquire Oslo-listed Bruton Limited for $370 million, adding four modern VLCCs to its fleet. The deal comes as the company reports sharply higher spot earnings entering Q4, signaling strengthening tanker demand. This consolidation reflects improving freight market conditions, likely driven by supply-side constraints and robust oil trade flows.