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Tufton Oceanic Assets Ltd - Guernsey, England based investment company specialising in second-hand commercial sea vessels - Agrees to sell its Pollock and Dachshund Handysize product tankers for a total of $41.8 million. Price represents a 3.1% premium to their most recent holding net asset value of $40.5 million. Company expects deal to close during the second quarter of 2024 after the tankers complete their current charters. Also extends employment of 2015-built MR product tanker Exceptional, with its current charter lasting three years from January 1. Tufton expects a net yield of around 13% for the next two years. Current stock price: 76.35 pence 12-month change: down 19% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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