11th Jan 2021 13:31
Tufton Oceanic Assets Ltd - London-based maritime assets investor - Acquires a stainless steel chemical tanker for USD15.2 million, taking the company's fleet to a total of 20 vessels. Says the vessel will be employed in a chemical tanker pool, "where it will earn a monthly floating charter rate based on the performance of the pool of vessels overall, but where the pool has significant contract coverage." Notes its exposure to the spot market will be approximately 5.0% of its net asset value.
Current stock price: 0.99 pence
Year-to-date change: up 6.5%
By Zoe Wickens; [email protected]
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