Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTufton Oceanic. Share News (SHIP)

Share Price Information for Tufton Oceanic. (SHIP)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.14
Bid: 1.13
Ask: 1.15
Change: 0.00 (0.00%)
Spread: 0.02 (1.77%)
Open: 1.14
High: 1.14
Low: 1.14
Prev. Close: 1.14
SHIP Live PriceLast checked at -
Tufton Oceanic Assets is an Investment Trust

To provide investors with an attractive level of regular and growing income and capital returns through investing in second-hand commercial sea-going vessels.

Find out More

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Tufton Oceanic sells last containership in portfolio for USD13 million

Tue, 03rd Jan 2023 11:11

(Alliance News) - Tufton Oceanic Assets Ltd on Tuesday said it has agreed to sell its last containership, the Riposte, for USD13.0 million.

Tufton Oceanic is a London-based investor in second hand commercial sea-going vessels.

The Riposte sale, which brings the company's fleet to twenty-two vessels, is being held at approximately depreciated replacement cost.

The realised net internal rate of return on the Riposte exceeds 12%, while the aggregate realised net IRR on the company's containerships over the past five years is around 27%.

Tufton argued that the divestment, alongside other divestments and investments over the last two years, demonstrated its commitments to capital re-allocation.

Looking ahead, it said that its investment manager continues to identify an attractive pipeline of opportunities, "as the recent macroeconomic and geopolitical environment creates dislocations and reduces some industry participants' access to capital".

In further news, Tufton added that the chemical tanker market has further improved materially, converging towards the product tanker market "as it tends to do".

This is expected to further increase the yields from the firm's two chemical tankers, with partial market exposure as well as, in the medium term, their asset values.

Tufton shares last traded at 94.50 on December 22, 2022.

By Holly Beveridge; Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
28 Sep 2020 15:30

UK DIRECTOR DEALINGS SUMMARY: PZ Cussons CEO Myers Buys 50,000 Shares

UK DIRECTOR DEALINGS SUMMARY: PZ Cussons CEO Myers Buys 50,000 Shares

Read more
24 Sep 2020 21:16

IN BRIEF: Tufton Oceanic Performs "Reasonably" But Hit By Virus

IN BRIEF: Tufton Oceanic Performs "Reasonably" But Hit By Virus

Read more
9 Sep 2020 20:15

IN BRIEF: Tufton Oceanic Names Christine Rodsaether As Non-Executive

IN BRIEF: Tufton Oceanic Names Christine Rodsaether As Non-Executive

Read more
27 Mar 2020 17:28

Tufton Oceanic Reports NAV Decline, Warns On Covid-19 Uncertainty

Tufton Oceanic Reports NAV Decline, Warns On Covid-19 Uncertainty

Read more
4 Mar 2020 13:52

Tufton Oceanic Assets confident in strategy amid coronavirus slowdown

(Sharecast News) - Tufton Oceanic Assets announced on Wednesday that its investment manager, Tufton Oceanic, has noted the share price movements of publicly-traded shipping companies, and wanted to update investors as a result.

Read more
4 Mar 2020 13:03

Tufton Oceanic Assets Happy With Portfolio Despite Virus Concerns

Tufton Oceanic Assets Happy With Portfolio Despite Virus Concerns

Read more
3 Feb 2020 13:12

UPDATE: Tufton Oceanic Sells Three Cargo Vessels, Buys Product Tanker

UPDATE: Tufton Oceanic Sells Three Cargo Vessels, Buys Product Tanker

Read more
3 Feb 2020 12:00

Tufton Oceanic Assets Sells Three Cargo Vessels For USD19 Million

Tufton Oceanic Assets Sells Three Cargo Vessels For USD19 Million

Read more
10 Oct 2019 11:00

Tufton Oceanic Assets Acquires Containership For Nearly USD9 Million

Tufton Oceanic Assets Acquires Containership For Nearly USD9 Million

Read more
20 Sep 2019 14:29

Tufton Oceanic Assets Raises USD31 Million Under Placing Programme

(Alliance News) - Tufton Oceanic Assets Ltd on Friday said it has raised USD31 million via a placing of 30.7 million shares, pursuant to the placing programme announced in 2018.The stock on

Read more
11 Sep 2019 11:52

Tufton Oceanic NAV Declines After Placings; Plans Further Share Issue

(Alliance News) - Tufton Oceanic Assets Ltd on Wednesday announced a share placing and posted a small reduction in net asset value per share in its most recent financial year due to share placings

Read more
1 Jul 2019 12:25

Tufton Oceanic Assets Acquires Container Vessel For USD24 Million

(Alliance News) - Tufton Oceanic Assets Ltd said Monday it has acquired a container vessel for USD23.6 million, which will increase the company's fleet to 15 vessels.The vessel has a of

Read more
3 Apr 2019 09:53

Tufton Oceanic Assets Buys Two Cargo Vessels For USD13.5 Million

LONDON (Alliance News) - Tufton Oceanic Assets Ltd on Wednesday said it acquired two general cargo vessels for USD13.5 million.After the acquisition, the company's fleet is now composed

Read more
21 Mar 2019 14:06

DIRECTOR DEALINGS: Tufton Oceanic Asset Chair Buys USD10,000 In Shares

LONDON (Alliance News) - Tufton Oceanic Asset Ltd on Thursday said that Chair Robert King acquired shares in the company worth USD10,200.King bought 10,000 shares at USD1.02 each. Following

Read more
21 Mar 2019 09:57

Tufton Oceanic Assets Interim NAV Falls As It Looks To Grow In Size

LONDON (Alliance News) - Tufton Oceanic Assets Ltd on Thursday reported a fall in its interim net asset value per share, as it looks ahead to further expansion.At the end of December the a

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.