Tufton Oceanic swoops for its second vessel this week

Tufton Oceanic Assets has announced the acquisition of a containership for $7m, taking its fleet to 21 vessels in total.

The company did not reveal the size or age of the vessel, only saying it was fitted with a scrubber. The vessel comes with a floating rate time charter of at least three years to a major containerline.

“With this acquisition the company will be fully invested but nonetheless Tufton Investment Management Ltd, the investment manager, continues to identify an attractive pipeline of opportunities across a range of the company’s target sectors,” the company said in a release.

Earlier this week, Tufton Oceanic acquired a stainless steel chemical tanker for $15.2m and last week unveiled a corporate reorganisation which saw its business split in two.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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