$15.2m Investment in a Chemical Tanker

Jan 14 2021

The Board of Tufton Oceanic Assets Limited is pleased to announce that the Company has acquired a stainless steel Chemical Tanker for $15.2m.

This acquisition takes the Company's fleet to twenty vessels.


The vessel will be employed in a leading chemical tanker pool where it will earn a monthly floating charter rate based on the performance of the pool of vessels overall, but where the pool has significant contract coverage. The Company's exposure to the spot market therefore will be approximately 5% of NAV.


The expected yield from the pool exceeds the targets expressed in the Company's prospectus dated 25 September 2018.


Tufton Investment Management Ltd, the Investment Manager, continues to identify an attractive pipeline of opportunities across a range of the Company's target sectors.


Related News

Demetris Chrysostomou to head up CSM's Asia Region

(Feb 18 2021)

Columbia Shipmanagement (CSM) has underlined its commitment to growing its share of the important Asian market by boosting the size and capability of its management team in the region.

Tankers: Why think Baltic Exchange?

(Feb 18 2021)

A glance at a list of the world’s top tanker charterers and owners shows that they have more than just the movement of liquid cargoes in common.

ZeroNorth opens office in Greece to further support maritime digitalisation

(Feb 18 2021)

International expansion of Danish technology company to strengthen presence in key shipping market.

Teekay Group announces fourth quarter and annual 2020 earnings results conference calls

(Feb 18 2021)

Teekay Corporation (Teekay), Teekay LNG Partners L.P. (Teekay LNG), and Teekay Tankers Ltd. (Teekay Tankers) plan to release their financial results for the fourth quarter and fiscal year 2020 before market open on Thursday, February 25, 2021.

Chemikalien Seetransport (CST) and Dr. Peters Group found a joint venture for ship management

(Feb 11 2021)

The Hamburg-based shipping company Chemikalien Seetransport (CST) and the Dortmund-based investment manager Dr. Peters Group (DPG) have established a joint venture with immediate effect.

Jan Feb 2021

MEPC75 and tankers - OCIMF human factors - who will pay for decarbonisation