UK shipping fund Tufton Oceanic Assets is continuing to expand its tanker fleet with another product tanker acquisition.
The London-listed company did not provide details of the ship, but the price of $31.5m suggests the vessel is a 50,000-dwt MR unit built in or around 2015, according to broker estimates.
The ship is being acquired at 90% of depreciated replacement cost, and the company is now fully invested.
