Tufton Oceanic buys container fleet from German Hartmann

Germany's Hartmann Shipping has sold a fleet of seven container ships to UK-based investment firm Tufton Oceanic, reports Alphaliner. And it looks like the buyer has secured a very attractive price.

by OLE ANDERSEN

London-based investment fund Tufton Oceanic doubles its exposure to the container sector as it as has, according to Alphaliner, acquired seven vessels of 2,500 teu each from Germany's Hartmann Shipping. The price is listed as USD 50 million in total for the vessels – a price deemed highly attractive for Tufton in light of a future recovery in the charter market.

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