Tufton Oceanic Assets Ltd. to acquire a Crude Oil Tanker for US$19.9 million


• Tufton Oceanic Assets Ltd. (SHIP) will be acquiring a Crude Oil Tanker for US$19.9 million.
• The latest acquisition will take the company’s fleet to sixteen vessels, and it continues to identify an attractive pipeline of opportunities across a range of the company’s target sectors.
• The crude oil tanker has been time chartered to a major tanker operator for two years at a fixed floor rate coupled with a profit-sharing mechanism.
• On 30th September 2019, at the time of writing, GMT 08:11 AM, SHIP shares were trading at USD 1.02, flat against the previous day closing price.