London-listed shipping fund Tufton Oceanic Assets is looking to reinvest its surplus cash made from the recently completed sales of its two handysize tankers.
The company outlined it had up to $25m of investible cash following the disposal of its tankers, without disclosing further details.
“We are looking at a couple of projects at the moment which are fairly well-advanced,” chief executive Andrew Hampson said during the company’s quarterly results presentation.
