UK shipping fund Tufton Oceanic Assets is hiving off another small container vessel for a $9.25m profit.

The London-listed company is selling the vessel for $18m.

It said the internal rate of return will be 46% and the return on invested capital is 2.3 times.

Company statements suggest that the deal involves the 2,500-teu Vicuna (built 2006), acquired in October 2019 for $8.75m.

It is the latest of a string of divestments in the container ship sector by the company.