Tufton Oceanic Buys Boxship for $28.6 Million

  • Tufton Oceanic has reached an agreement to acquire a container ship for $28.6 million following a close-ended investment.
  • It has a time charter of approximately 5.5 years and plans to invest $4.7m to upgrade in accordance with this charter.
  • Following the completion of this acquisition and taking into account the required investment to upgrade the vessel.

According to an article published in Maritime Logistics Professional, United Kingdom-based closed-ended investment company Tufton Oceanic...

http://mfame.guru/tufton-oceanic-buys-boxship-for-28-6-million/

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