Tufton Oceanic takes MCC boxship pair

Tufton Oceanic takes MCC boxship pair

Fast growing private equity concern Tufton Oceanic has made its first vessel acquisitions of the year.

Brokers Braemar ACM are reporting that the British outfit has taken two 1,700 teu ships from MCC, Maersk’s intra-Asia subsidiary. The MCC Kyoto and MCC Seoul were both built at Taiwan’s CSBC 10 years ago and are believed to be costing Tufton Oceanic just over $10m each. Management of the ships will remain with MCC.

Tufton Oceanic’s IPO was held on December 20 last year with the issuance of 91m shares priced at $1 each.

Tufton Oceanic had a very busy 2017 snapping up vessels in just about every ship sector.

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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