Bruton, a tanker newcomer backed by Tor Olav Trøim, has announced the expansion of its VLCC fleet by ordering four new vessels from China's Yantai CIMC Raffles. The Oslo-listed company stated that each ship will be delivered to a Bruton subsidiary between January and July 2028. The newbuildings will feature the MARIC 319,000 dwt design and be equipped with open-loop scrubbers to comply with current emission standards. Each vessel is priced at $124.75 million, bringing the total value of the deal close to $500 million. This order adds to Bruton's existing pipeline, which already includes eight VLCCs on order at New Times Shipyard and options for two more. In addition, Bruton has appointed Jens Martin Jensen and Christian Ness to its board, both bringing extensive experience in shipping and finance.
Bruton Expands VLCC Orderbook with Four New Ships at CIMC Raffles
Bruton Ltd.
SHIPOWNER
EMPRESS PARTNERS
SHIPOWNER
Frontline plc
SHIPOWNER
MAERSK
SERVICE_SUPPLIER
📍 Yantai
Newbuild
Oil Tanker
Ella Trusteddocks
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