REG - Tufton Assets Ltd. Tufton Assets - SHPP - Acquisition of Two Bulkers

Tufton AssetsAnnouncement

11/02/2026 07:00

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RNS Number : 4968S  Tufton Assets Limited  11 February 2026

11 February 2026

 

Tufton Assets Limited (The "Company")

Announces the acquisition of two bulkers

 

The Board of Tufton Assets Limited (ticker: SHIP.L) is pleased to announce
that it has agreed to acquire two high-specification, eco-design,
Japanese-built Handysize Bulkers for $33m en-bloc.

 

The acquisitions reaffirm the Company's strategy of deploying capital into
second-hand fuel-efficient, in-demand vessels that deliver attractive yields.
The expected returns from the acquisitions and the medium term market outlook,
as recommended by the Investment Manager, were considered and approved by the
Board to be in excess of the required return threshold as implied by the
mid-term strategy review and of the target returns outlined in the Prospectus.

 

The vessels are being acquired at ~85% of DRC. After acquisition, one of the
vessels is expected to commence a fixed-rate charter for 11-13 months with a
leading commodity trader. The fixed-rate charter is expected to have a net
yield of c.12%. The other vessel should commence an index-linked time charter
with another leading commodity trader and is expected to have a net yield
greater than 12% based on the Investment Manager's positive view of the bulker
market. Both vessels are in the top quartile of fuel efficiency in their
market segment and demonstrate the Company's continued commitment to ESG.

 

 

 

For further information, please contact:

 

 Tufton Investment Management Ltd (Investment Manager)    +44 (0) 20 7518 6700

 Andrew Hampson

 Nicolas Tirogalas

 Singer Capital Markets                                   +44 (0) 20 7496 3000

 James Maxwell, Alex Bond (Corporate Finance)

 Alan Geeves, Sam Greatrex (Sales)

 Hudnall Capital LLP                                      +44 (0) 20 7520 9085

 Andrew Cade

 

About the Company

Tufton Assets Limited invests in a diversified portfolio of second-hand
commercial sea-going vessels with the objective of delivering strong cash flow
and capital gains to investors. The Company's investment manager is Tufton
Investment Management Ltd. The Company has raised a total of approximately
USD316.5m (gross) through its Initial Public Offering on the Specialist Fund
Segment of the London Stock Exchange on 20 December 2017 and subsequent
capital raises. Including the 4Q25 dividend, the Company will have returned
USD198.4m to investors since inception.

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