The board of the £455.2m Tufton Oceanic Assets trust has announced it has divested from its last containership, which combined with other divestment and investments over the past two years “demonstrate commitments to capital re-allocation and ESG”.
The containership, Riposte, is being sold for $13m for a realised internal rate of return that exceeds 12%. The company said the aggregate realised IRR on containerships over the past five years is about 27%. Following the divestment, Tufton's fleet will consist of 22 vessels. Home REIT suspends shares The stock exchange announcement today (3 January) also said the investment manager sees an "attractive pipeline" as "the recent macroeconomic and geopolitical environment creates dislocations and reduces some industry participants' access to capital". In particular, the investment...
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