Hamilton, Bermuda, August 6, 2026
Bruton Limited is pleased to announce it has entered into a time charter contract with a reputable counterpart for the Mount Horizon at a fixed rate of $105,700, net, for 12-15 months. Mount Horizon is scheduled to be delivered from the yard in mid November 2026.
With this, the first two of Bruton's VLCCs have been chartered out at an average rate of $101k/day. At that achieved rate, with two ships operating, the Company is estimated to generate a free cash-flow to equity of $0.71/share on an annualized basis.
If all four ships in Bruton (subject to completion of the demerger as described in stock exchange announcement on 7 July) are fixed at $101k/day, the Company will generate a free cash-flow to equity of $1.46/share on an annualized basis once all ships are delivered.
For further information, please contact:
Lars-Christian Svensen, Contracted interim CEO
Telephone +47 476 38 756
About Bruton Limited:
Bruton Limited is a pure-play modern VLCC company with 1 vessel in operation and 11 vessels under construction at New Times Shipyard and CIMC Raffles, with scheduled deliveries between Q4 2026 and Q3 2029.
Forward-looking statements: This announcement includes forward-looking statements, including free cash-flow to equity expectations, and other non-historical statements. These forward-looking statements are subject to risks, uncertainties, and assumptions. Forward-looking statements reflect knowledge and information available at, and speak only as of, the date they are made. Except as required by law, Bruton undertakes no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise, after the date hereof or to reflect the occurrence of unanticipated events. Readers are cautioned not to place undue reliance on such forward-looking statements.