Tufton Oceanic Assets Share Discussion Threads

[lord gnome] 31/12/2017 17:21

!FOLLOWFEED
Quote (Investors' Chronicle, 29 Dec 2017):
Tufton Oceanic Assets (SHIP) has raised $91m, slightly lower than its $100m target, and began trading on the Specialist Fund Segment of the London Stock Exchange on 20 December. The trust is targeting a 12 per cent a year NAV return with a cash distribution of 5 per cent in its first year and 7 per cent thereafter. It will invest in second-hand commercial sea-going vessels spread across the core segments of shipping.

"There is currently an attractive opportunity in shipping to buy assets at a significant discount to their depreciated replacement cost and lock in long-term employment producing mid-teen cash yields," says Andrew Hampson, head of asset-backed investments at the trust's manager, Tufton Oceanic. "This is a strategy we've been following with success for the past couple of years and see limited competition due to the lack of capital currently being invested in shipping."

Tufton Oceanic has invested over $1bn in shipping assets over the past few years.

Company web site: hxxp://www.tuftonoceanicassets.com/

[pomp circumstance] 01/7/2014 15:09

something here?

hxxp://www.investmenttools.com/futures/bdi_baltic_dry_index.htm#bdi_tenyear

[hyper al] 29/6/2014 11:30

Almost two years on and Im asking the same question as in the last post.

[pomp circumstance] 01/9/2012 17:15

I want to stick a lump in some sort of fund with high exposure to the BDI. ANyone know how? Im counting on one spike in the next 20 years. TIA

[giant steps] 14/3/2012 19:39

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[giant steps] 14/3/2012 19:38

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[giant steps] 14/3/2012 19:38

Arrived at berong 3rd March 2012 (according to marinetraffic)
14th March 2012 - MV Jin Rong - 48,700 wmt


Looks like destination is Fangcheng China (about 2000km from Palawan)
Sat 17th March 2012 02:00 GMT in a holding pattern outside harbour
21.37001˚ / 108.3791˚
After a weekend on anchor, monday mid-day starting to head to harbour
Tue 20th March - still on anchor outside harbour
Thu 22nd March (07:22) - departing from harbour (anchor), heading south