LONDON (Alliance News) - Investment company Tufton Oceanic Assets Ltd said Wednesday that it bought interest in two carriers for USD31.8 million.
The company acquired a 75% interest in a liquefied petroleum gas carrier for USD21.8 million. It will have a bareboat charter of seven years to a leading gas shipping operator, the company explained.
"The bareboat charterer holds the remaining 25% interest in the vessel, which the company can acquire at a fixed price plus interest in due course," Tufton said.
Furthermore, the company bought a 100% interest in a handysize bulk carrier which will have floating revenue from operating in a leading bulker pool, it said.
Tufton shares were flat at 1.06 pence each on Wednesday.
Tufton Oceanic. (SHIP)