EuropeFinance and Insurance

Council from Yorkshire builds major stake in Tufton Oceanic

East Riding, a council in the northern English county of Yorkshire, has emerged as a major stakeholder in the fast growing private equity firm Tufton Oceanic. East Riding has now built up an 11% share in the maritime-focused fund manager having bought 10m shares.

Tufton Oceanic’s IPO was held on December 20 with the issuance of 91m shares priced at $1 each.

Tufton Oceanic had a very busy 2017 snapping up vessels in just about every ship sector.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button