Tufton Assets Share Price (SHPP)

You'd have thought the SP would have reacted a little more positively. Never mind, the prospect of a higher dividend should do the trick

Fantastic RNS 47% increase in rates!

Good RNS today. This is the sort of thing I was hoping for. I note that the new charter rates were agreed before the war in the Gulf, but it's good to hear that "spot rates have firmed further since these renewals were agreed". That said, it's not clear what the longer term effects of the war will be. Higher energy prices and possible recession could reduce demand for both tankers and dry bulk. So it's good to know that Tufton is focusing on the long term. (I have sold all my other shipping shares and have no intention to buy any other shipping shares in the near future.)

Tufton (SHIP) mentioned in the Guardian:

https://www.theguardian.com/world/2026/apr/08/us-iran-ceasefire-mass-exodus-ships-strait-hormuz-analysts

I am very happy to hold these and the market seems to agree, even though the world is going to hell in a hand cart