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    SHIP   GG00BDFC1649

TUFTON OCEANIC ASSETS LIMITED

(SHIP)
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Tufton Oceanic Assets Limited Acquires A Chemical Tanker and A Handysize Bulk Carrier

05/25/2021 | 02:00am EDT

The Board of Tufton Oceanic Assets Limited announced that it has agreed to acquire a Chemical Tanker for $9.8 million and a Handysize Bulk Carrier for $13.35 million. The Chemical Tanker is being acquired at below 70% of depreciated replacement cost and is expected to yield over 15% in a leading chemical tanker pool. The Handysize Bulk Carrier is being acquired at below 90% of depreciated replacement cost and is significantly more fuel efficient than the two vessels recently sold for 100% of depreciated replacement cost. It has a two-year charter producing an annual yield of approximately 20%. The two acquisitions, together with the divestment announced on May 17, 2021, demonstrate the company's commitment to capital re-allocation which is increasingly relevant given absolute and relative movements across and within the main shipping markets since third quarter of 2020. They also reflect the company's commitment to ESG.


© S&P Capital IQ 2021
All news about TUFTON OCEANIC ASSETS LIMITED
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05/25Tufton Oceanic Assets Limited Acquires A Chemical Tanker and A Handysize Bulk Carrier
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03/23Tufton Oceanic Assets Limited Announces Change in Audit Committee Composition
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03/22TUFTON OCEANIC ASSETS : Interim Results for the period ended 31 December 2020
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More news
Financials (USD)
Sales 2021 82,5 M - -
Net income 2021 79,5 M - -
Net cash 2021 0,03 M - -
P/E ratio 2021 3,75x
Yield 2021 6,41%
Capitalization 382 M 382 M -
EV / Sales 2020 161x
EV / Sales 2021 3,76x
Nbr of Employees -
Free-Float 100,0%
Chart TUFTON OCEANIC ASSETS LIMITED
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Tufton Oceanic Assets Limited Technical Analysis Chart | SHIP | GG00BDFC1649 | MarketScreener
Technical analysis trends TUFTON OCEANIC ASSETS LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 1,36 
Average target price
Spread / Average Target -
Managers and Directors
Robert Paul King Chairman
Stephen Le Page Independent Non-Executive Director
Paul Barnes Non-Executive Director
Christine Rødsæther Non-Executive Director
Sector and Competitors