Tufton Oceanic Assets has announced the acquisition of a containership for $7m, taking its fleet to 21 vessels in total.
Tufton did not reveal the size or age of the vessel, only saying it was fitted with a scrubber. The vessel comes with a floating rate time charter of at least three years to a major containerline.
Read More: Tufton Oceanic expands fleet with a 2012 built handy bulker
“With this acquisition the company will be fully invested but nonetheless Tufton Investment Management Ltd, the investment manager, continues to identify an attractive pipeline of opportunities across a range of the company’s target sectors,” the company said in a release.
Earlier this week, Tufton Oceanic acquired a stainless steel chemical tanker for $15.2m and last week unveiled a corporate reorganisation which saw its business split in two.
About Tufton Oceanic Assets Limited
The company is a United Kingdom-based closed-ended investment company. The Company focuses on investing in a diversified portfolio of secondhand commercial sea-going vessels utilizing a range of employment/charter strategies. The Company's investment objective is to provide investors with a level of regular and growing income and capital returns through investing in secondhand commercial sea-going vessels. The Company has no operations. The Company has no revenue generated. The Company's investment manager is Tufton Oceanic Ltd
