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.