• Tufton Oceanic Assets Ltd. (SHIP) will be acquiring a Crude Oil Tanker for US$19.9 million. • The latest acquisition will take the company's fleet to sixteen vessels, and it continues to identify an attractive pipeline of opportunities across a range of the company's target sectors. • The crude oil tanker has been time chartered to a major tanker operator for two years at a fixed floor rate coupled with a profit-sharing mechanism. • On 30th September 2019, at the time of writing, GMT 08:11 AM, SHIP shares were trading at USD 1.02, flat against the previous day closing price.


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