UK shipowning fund Tufton Oceanic has said it has been protected from the effects of the coronavirus outbreak by its period coverage and diverse fleet.
In a statement, the London-listed company said it had noted the share price movements of publicly traded shipping companies and was providing an update to investors.
The shipowner said it is "pleased that its strategy of portfolio diversification and strong charter coverage" has "insulated" it from the recent market volatility caused primarily by the Covid-19 strain of the coronavirus.
