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IN BRIEF: Tufton Oceanic buys handysize bulk carrier for USD14 million

15th Apr 2021 14:10

Tufton Oceanic Assets Ltd - London-based maritime assets investor - Acquires a handy-size bulk carrier for USD14.3 million, taking its fleet number to 22 vessels. Notes vessel has a fixed rate time charter for 11 to 13 months to an unnamed "large" maritime transport and logistics company. Says yield during the charter exceeds the targets expressed in its prospectus dated September 25, 2018.

Renews the employment for the container ship Swordfish with a fixed rate time charter for 15 to 17 months from the end of May 2021, at a yield "substantially higher" than the container ship run rate yield of 15% reported in its fourth quarter of 2020 fact sheet.

Current stock price: USD1.00

Year-to-date change: up 6.5%

By Zoe Wickens; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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