Tufton Oceanic Assets Ltd - Guernsey, England based investment company specialising in second-hand commercial sea vessels - Agrees to sell its Pollock and Dachshund Handysize product tankers for a total of USD41.8 million. Price represents a 3.1% premium to their most recent holding net asset value of USD40.5 million. Company expects deal to close during the second quarter of 2024 after the tankers complete their current charters. Also extends employment of 2015-built MR product tanker Exceptional, with its current charter lasting three years from January 1. Tufton expects a net yield of around 13% for the next two years.
Current stock price: 76.35 pence
12-month change: down 19%
By Emma Curzon, Alliance News reporter
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Tufton Oceanic. (SHIP)