UK shipping fund Tufton Oceanic Assets believes the meteoric rise in containership and bulker markets is slowing.
The London-listed company is continuing to see a rise in its net asset value (NAV), however.
This hit $384m on 30 September, or $1.37 per share, against a trading price of $1.33 in London on Tuesday morning.
The owner of 21 ships said NAV stood at $371.1m,
