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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tufton Oceanic Assets Limited | LSE:SHPP | London | Ordinary Share | GG00BSFVPB94 | ORD NPV (GBX) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 98.50 | 98.00 | 99.00 | 99.00 | 98.50 | 98.50 | 31,210 | 15:28:44 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 50.56M | 76.07M | 253.3430 | 0.01 | 295.75k |
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.
1 Year Tufton Oceanic Assets Chart |
1 Month Tufton Oceanic Assets Chart |
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