Norway's Bruton Secures 3+1+1 Year Charter for First VLCC, Starting at $95,000 Per Day

en.Wedoany.com Reported - Oslo-listed tanker company Bruton has secured a long-term charter for its first very large crude carrier ahead of delivery. The company stated that the 300,000 dwt Mount Vision has been fixed on a 3+1+1 year charter with an international trading house, with the vessel expected to be delivered from China in early July 2026.

The agreement starts at a fixed net rate of $95,000 per day for the first nine months post-delivery, before transitioning to an index-linked structure from April 2027. The contract also includes scrubber-related earnings within the charter terms, providing the vessel with additional upside based on fuel price spreads during the index period.

Bruton is backed by Tor Olav Trøim. Earlier this year, Bruton added four VLCC newbuilding orders at Yantai CIMC Raffles in China, having previously committed to eight VLCCs at New Times Shipbuilding, with options for two additional units. The next newbuilding is scheduled for delivery in January 2027.

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