Tufton Oceanic Assets has exited crude tanker ownership due to the weak rate environment. The London-listed shipping fund confirmed it had sold its last vessel
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Weak tanker market prompts Tufton Oceanic to quit crude sector
But UK shipping fund was surprised by speed of containership recovery that boosted fourth-quarter profit
21 January 2021 8:51 GMT
Updated
21 January 2021 11:37 GMT
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