Tufton Oceanic makes product foray

Tufton Oceanic makes product foray

Busy British private equity concern Tufton Oceanic has made its first ship investments since the end of July including an eye catching entrance into the product tanker sector.

Tufton Oceanic’s diverse fleet is led by smaller boxships with interests in bulk ships and LPG ships.

Brokers report the company has paid $18.5m per ship for two 51,000 dwt, 2010-built MR tankers – CPO India and CPO China – belonging to Germany’s Claus-Peter Offen.

Tufton Oceanic has also paid another German owner, Schulte Group, $13m for a 12-year-old 2,602 teu boxship, according to multiple broking reports.

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.

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