Containership

Tufton Oceanic joins zero carbon shipping centre, divests three containerships

UK’s investment company Tufton Oceanic Assets Limited has joined the Maersk Mc-Kinney Møller Centre for Zero Carbon Shipping and is continuing to divest containerships as part of its commitment to capital re-allocation.

Illustration. Image Courtesy: Pixabay under CC0 Creative Commons license

The company joined the independent not-for-profit research and development centre as a mission ambassador to collaborate on the decarbonisation of the maritime industry.

Additionally, Tufton recently divested three containerships reaching its tenth divestment since late 2020.

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As disclosed, the divested containerships are Candy and Echidna, which were acquired in January 2021, and Vicuna, acquired back in October 2019.

The first two vessels were divested for a total of $21 million while the third vessel was divested for $18 million.

The company said that the investment manager continues to identify an attractive pipeline of opportunities across a range of the company’s target sectors and expects to redeploy these proceeds promptly.

For Tufton Oceanic, which invests in a diversified portfolio of secondhand commercial sea-going vessels, prospective investments include chemical and product tankers as well as bulkers.

In line with this, on 30 December 2021, the company said it will acquire a product tanker for $30.9 million and a Handysize bulker for $23.6 million.

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