Tufton more than doubles its money from latest boxship sale

Tufton Oceanic Assets continues to maximise its returns from the busy containership market with a sale that fetched more than double what the company paid for one of its ships in 2019.

The tenth divestment by the London-listed fund has seen the boxship Vicuna go to undisclosed buyers for $18m. Tufton acquired the vessel in October 2019 for $8.75m.

The sale follows a deal from earlier this month when the Guernsey-incorporated company flipped two boxships, cashing in more than $7m. The latest move, together with the previous divestments, is said to demonstrate the company’s commitment to capital re-allocation, targeting chemical and product tankers as well as bulkers.

In addition to landing a considerable profit, Tufton announced it had joined the Maersk Mc-Kinney Møller Center for Zero Carbon Shipping as a mission ambassador. The company has committed to transitioning to zero carbon energy sources by 2050 and investing in zero carbon capable vessels before 2030.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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