- Tufton offloads another boxship and adds UltraMax
- the London-listed firm has agreed to acquire the UltraMax Idaho for $21.4m at below depreciated replacement cost
Tufton Oceanic Assets has snapped up an Ultramax bulk carrier and struck a deal to sell another containership for more than double the purchase price says an article on Splash247.
UltraMax Idaho
The London-listed firm has agreed to acquire the UltraMax Idaho for $21.4m at below depreciated replacement cost, said to be fuel efficient compared to its peer group. The vessel is being acquired with the proceeds of the sale of the containership Kale reported in early July. It has a fixed-rate time charter for 15-19 months, producing an annual net yield of about 21%.
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Source: Splash247
