Tufton Oceanic

Tufton Oceanic Makes New Tanker Deal After Offloading Bulker Duo

Tufton Oceanic Assets has agreed to sell two handysize bulk carriers for $20.5m, making this the company’s third divestment.

Tanker investment

The company said it expects to redeploy the proceeds promptly and invest in a tanker with similar economics to the vessel Golding acquired earlier this year at 70% of depreciated replacement cost.

The vessels were acquired, buy an undisclosed buyer, for less than 70% of depreciated replacement cost in 2018 and early 2020, Tufton Oceanic said.

In January this...

https://mfame.guru/tufton-oceanic-makes-new-tanker-deal-after-offloading-bulker-duo/

Tufton Oceanic Assets Acquires Handysize Bulk Carrier

According to an article published in Quote Data, Tufton Oceanic Assets Limited (SHIP) has announced that it has acquired a Handysize Bulk Carrier for US$7.0m.

Increase in fleet strength

This acquisition takes SHIP’s fleet to sixteen vessels, leaving it with approximately US$15m of cash available for investment. Tufton Oceanic continues to identify a pipeline of opportunities across a range of the company’s target sectors.

About the handysize bulk carrier

This latest purchase has a fixed rate time...

http://mfame.guru/tufton-oceanic-assets-acquires-handysize-bulk-carrier/

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