Tufton Oceanic Continues Buying Spree with 2 More Bulkers

Source:Splash
2016.09.12
1504

Tufton Oceanic has reportedly bought two handysize bulk carriers, which are the fifth and sixth vessels to be acquired by the London-based fund in the past two weeks.

Brokers report that Tufton has bought Steven C (35,000 dwt, built 2009) and Lisa J (34,400 dwt, built 2010) from Apex Bulk Carriers for US$9.4m and US$10.1m respectively.

Earlier this week, Tufton reportedly bought two ultramaxes from Jinhui Shipping for US$28.5m en bloc.

The fund has also this week purchased a small chemical parcel tanker, Diamond Orchid (19,700 dwt, built 2008), for US$20.5m from NS United Kaiun Kaisha, according to brokers.

This follows another small chemical tanker that was reported bought by Tufton on Aug. 31. Princimar Americas (19,700 dwt, built 2004) was acquired for US$18.5m from Principal Maritime of the US.

All the vessels acquired were built in Japan apart from the handys, which were built at SPP in South Korea.

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