UK shipping fund Tufton Oceanic Assets has said its value has increased over the third quarter thanks to booming boxship markets.
The London-listed shipowner, which is backed by Tufton Investment Management, revealed an estimated unaudited net asset value (NAV) of $0.95 per share as of 30 September.
That's an increase on $0.93, which equated to $238m, on 30 June. The stock was trading at $0.85
