Tufton Oceanic is set for a hefty return on seven boxships purchased from Hartmann Schiffahrts this week should the market recover as projected.
The London-based fund manager swooped on the 2,478-teu Frisia Wismar, Frisia Kiel, Frisia Rostock, Frisia Rotterdam, Frisia Lissabon and Frisia Lubeck (all built 2004), and the Frisia Helsinki (built 2005).
Brokers pegged the deal at $50m in what marked Tufton’s second move in the boxship market in as many months, following the capture of a pair of 9,200-teu vessels from Claus-Peter Offen in June.
