Tufton Oceanic Assets has agreed to sell two handysize bulk carriers for $20.5m, making this the company’s third divestment.
Tanker investment
The company said it expects to redeploy the proceeds promptly and invest in a tanker with similar economics to the vessel Golding acquired earlier this year at 70% of depreciated replacement cost.
The vessels were acquired, buy an undisclosed buyer, for less than 70% of depreciated replacement cost in 2018 and early 2020, Tufton Oceanic said.
In January this year, Tufton Oceanic acquired a stainless steel chemical tanker for $15.2m, and also recently added a handysize bulker for $14.3m.
Including the latest deal, Tufton Oceanic fleet stands at twenty vessels with two bulkers remaining and one to be delivered.
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Source: Tufton Oceanic
