Bruton to split 12-ship VLCC play

Tor Olav Trøim-backed Bruton is splitting its 12-ship VLCC programme into two listed vehicles as its first supertanker enters service. The Oslo-listed company will keep the first four VLCCs from New Times Shipyard inside Bruton Limited, creating what it describes as a monthly dividend-paying company backed by near-term cash flow. The remaining eight VLCCs, four … Read full article →