Tufton Oceanic Assets Limited splashed out close to $55m on vessels acquisitions in the last few days of 2021, regulatory filings show.

The UK shipping fund said it had agreed to acquire a product tanker for $30.9m and a handysize bulker for $23.6m, but gave few details as to the identity of the ships.

Tufton said both vessels came with fixed rate time charters of between 12 and 24 months for the tanker and 18 to 24 months for the bulker.