# International Seaways to Acquire Bruton Limited in $370 Million Deal

- URL: https://stocks.freetheai.org/news/international-seaways-to-acquire-bruton-limited-in-370-million-deal-bce730
- Published: 2026-10-16T06:30:00Z
- Category: mergers; sentiment: mixed; impact: high
- Symbols: [NYSE:INSW](https://stocks.freetheai.org/symbols/NYSE-INSW), [OSL:BRUT](https://stocks.freetheai.org/symbols/OSL-BRUT)
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International Seaways, Inc. (NYSE:INSW) has agreed to acquire Bruton Limited (OSL:BRUT) in a series of transactions valuing Bruton at approximately $370 million. The deal adds four Very Large Crude Carriers, including newbuildings, to International Seaways' existing fleet of about 70 crude and product tankers. Under the terms, International Seaways will first exchange stock for a 50.5% majority stake around October 20, 2026, followed by a cash and stock merger to acquire the remaining shares.

Alongside the deal, International Seaways reported preliminary third-quarter 2026 financial results, estimating revenues of $480 million to $490 million and net income between $340 million and $350 million. Profit for the quarter includes an estimated $50 million gain from selling a 2012-built Suezmax tanker. Strong market demand helped push blended spot earnings to roughly $68,000 per day in the third quarter, compared to $29,000 per day in the third quarter of 2025.

Looking ahead, Bruton shareholders are set to vote on the merger at a special meeting on or about October 30, 2026, with closing expected promptly after. International Seaways also noted a strong start to the fourth quarter, fixing blended spot rates at approximately $180,000 per day on 37% of expected revenue days over the first three weeks. Full third-quarter financial results will be released on November 5, 2026.

## Key points

- International Seaways, Inc. (NYSE:INSW) is acquiring Bruton Limited (OSL:BRUT) in a deal valued at approximately $370 million.
- The acquisition adds four Very Large Crude Carrier vessels to International Seaways' fleet of roughly 70 ships.
- International Seaways expects preliminary third-quarter net income of $340 million to $350 million on revenue up to $490 million.
- Third-quarter blended spot earnings reached roughly $68,000 per day, compared to $29,000 per day in third-quarter 2025.
- Bruton shareholders will vote on the proposed merger at a special meeting on or about October 30, 2026.

## Questions and answers

### How much is International Seaways paying for Bruton Limited?

The transaction values Bruton Limited at approximately $370 million. International Seaways expects to issue around 3.12 million shares representing about 96% of total deal consideration, with the remainder settled in cash.

### What were International Seaways' preliminary third-quarter results?

International Seaways expects revenues of $480 million to $490 million and net income between $340 million and $350 million for the third quarter of 2026, driven by strong market conditions and a $50 million gain on a vessel sale.

### When is the merger between International Seaways and Bruton expected to close?

Bruton shareholders will vote on the merger at a special meeting on or about October 30, 2026. The transaction is expected to close promptly after the vote, subject to customary closing conditions.