Tufton Oceanic Assets Makes Smart Investments In Tankers

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Kyle Morris writes for Market Watch about Tufton Oceanic Assets to Buy Product Tanker, Handysize Bulker for $54.5M.

Purchase of product tanker

Tufton Oceanic Assets Ltd. said Thursday it has agreed to acquire a product tanker and a handysize bulker for a combined total of $54.5 million.

The London-listed investor in maritime assets said it will pay $30.9 million for the product tanker and $23.6 million for the handysize bulker.

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Source: Market Watch