Tufton Oceanic Assets has announced the acquisition of a handysize bulker and a 75% interest in an LPG carrier.
Tufton Oceanic paid $10m for the handysize, which will be operating in a bulker pool, becoming the only vessel owned by the company operating in the spot market.
The LPG carrier, for which the 75% stake cost $21.75m, will go on a seven-year bareboat charter to a leading gas shipping operator who holds the remaining 25% interest in the vessel.
Tufton Oceanic has made six investments since it IPO at the end of last year, investing around 83% of the IPO proceeds.
