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Tufton Oceanic eyes ‘attractive pipeline’ of secondhand vessels
Citing the competitively priced S&P scene, London-listed Tufton Oceanic has today outlined a cash raising exercise to expand its fleet.
The maritime and energy fund management firm is conducting a placing of new ordinary shares at $1.01, a 2.3% premium to the current NAV.
In a release, Tufton Oceanic said that it “continues to identify an attractive pipeline of secondhand vessels”.
The ships it is eyeing are across a range of sectors, while it stressed it would continue its emphasis on medium to long term time and bareboat charter strategies.