Dry CargoEurope

Tufton Oceanic continues buying spree with two more bulkers

Tufton Oceanic has reportedly bought two handysize bulk carriers, which are the fifth and sixth vessels to be acquired by the London-based fund in the past two weeks.

Brokers report that Tufton has bought Steven C (35,000 dwt, built 2009) and Lisa J (34,400 dwt, built 2010) from Apex Bulk Carriers for $9.4m and $10.1m respectively.

Earlier this week, Tufton reportedly bought two ultramaxes from Jinhui Shipping for $28.5m en bloc.

The fund has also this week purchased a small chemical parcel tanker, Diamond Orchid (19,700 dwt, built 2008), for $20.5m from NS United Kaiun Kaisha, brokers say.

This follows another small chemical tanker that was reported bought by Tufton on August 31. Princimar Americas (19,700 dwt, built 2004) was acquired for $18.5m from Principal Maritime of the US.

All the vessels acquired were built in Japan apart from the handys, which were built at SPP in South Korea.


Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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