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Welcome to Decisive Shipping Services LLC

Tufton banks more than double from latest boxship sale – Splash247

Tufton Oceanic Assets continues to maximise its returns from the busy containership market with a sale that fetched more than double what the company paid for one of its ships in 2019.

The tenth divestment by the London-listed fund has seen the boxship Vicuna go to undisclosed buyers for $18m. Tufton acquired the vessel in October 2019 for $8.75m.

The sale follows a deal from earlier this month when the Guernsey-incorporated company flipped two boxships, cashing in more than $7m. The latest move, together with the previous divestments, is said to demonstrate the company’s commitment to capital re-allocation, targeting chemical and product tankers as well as bulkers.

In addition to landing a considerable profit, Tufton announced it had joined the Maersk Mc-Kinney Møller Center for Zero Carbon Shipping as a mission ambassador. The company has committed to transitioning to zero carbon energy sources by 2050 and investing in zero carbon capable vessels before 2030.

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