Tufton Oceanic Assets Ltd. Attractive Fixed-Rate Charters with Strong Yields
2024年10月3日 - 3:00PM
RNS Regulatory News
RNS Number : 7360G
Tufton Oceanic Assets Ltd.
03 October 2024
03
October 2024
Tufton Oceanic Assets Limited
("SHIP" or the "Company")
Attractive fixed-rate
charters with strong yields on two Chemical
Tankers
The Company announces that it has
agreed for its two Chemical Tankers, Orson and Golding, to commence
up to three-year time charters to a leading operator of Chemical
Tankers securing a minimum of c.$25m of EBITDA for SHIP. The time
charters will have a fixed rate for two years yielding c.20% return
and a floor/ceiling rate structure for the third year.
These charters provide strong
visibility on operating cashflows and increase the portfolio
charter length.
For
further information, please contact:
Tufton Investment Management Limited ("Investment Manager" or
"Tufton")
Andrew Hampson
Nicolas Tirogalas
|
+44 (0) 20 7518 6700
|
|
|
Singer Capital Markets
James Maxwell, Alex Bond, Jalini
Kalaravy (Corporate Finance)
Alan Geeves, James Waterlow, Sam
Greatrex (Sales)
|
+44 (0) 20 7496 3000
|
Hudnall Capital LLP
Andrew Cade
|
+44 (0) 20 7520 9085
|
About the Company
Tufton Oceanic Assets Limited
invests in a diversified portfolio of secondhand commercial
sea-going vessels with the objective of delivering strong cash flow
and capital gains to investors. The Company's investment manager is
Tufton Investment Management Ltd. The Company has raised a total of
approximately $316.5m (gross) through its Initial Public Offering
on the Specialist Fund Segment of the London Stock Exchange on 20
December 2017 and subsequent capital raises.
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END
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Tufton Assets (LSE:SHIP)
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