London-listed shipping fund Tufton Oceanic Assets is confident of better tanker markets next year after its diversified fleet helped it to a bumper profit in the year to 30 June.
The company logged net earnings of $79.5m, against a loss of $1.2m a year ago, as it recorded a gain of $60.7m in the value of its financial assets.
The net asset value (NAV) per share increased from $0.93
