Bruton Limited expands VLCC fleet with new orders from New Times Shipbuilding
Bruton Limited announced a letter of intent with New Times Shipbuilding Co. Ltd. (NTS) and its future subsidiary, Andes Tankers III Ltd., for two new scrubber-fitted VLCC vessels. The company also secured options for two additional VLCC vessels at the same price, exercisable by Andes Tankers III before December 31, 2025. These new orders are a repeat of existing newbuilding agreements and include the option to be converted to LNG dual-fuel ready ships.
The firm vessels are scheduled for delivery between Q4 2028 and Q2 2029. If the options are declared, the optional vessels are expected to be delivered between Q3 and Q4 2029. The letter of intent is subject to standard conditions, including the finalization of newbuilding contracts.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
News Alerts
Get instant email alerts when Bruton Limited publishes news
Free account required • Unsubscribe anytime