Tufton Oceanic Assets acquires small bulk carrier for $7m

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Ship owner Tufton Oceanic Assets said it had acquired a handysize bulk carrier for $7m, taking its fleet to 16 vessels.

The vessel had a fixed rate time charter for six-to-eight months to a 'major agricultural commodity trading and logistics company'.

Tufton said the yield during the charter was in line with targets expressed in its prospectus dated 25 September 2018.

At 2:24pm: (LON:SHIP) Tufton Oceanic Assets Limited Ord Npv share price was -0.02p at 0.83p


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