We liken it to property on water. We were attracted to two things:. Like all good investments, it was easy to understand too. Supply of ships is very cyclical, if slow moving. As a result of a huge time lag between order and delivery, and that many others might be ordering at the same time, supply can over- and under-shoot.
It overshot hugely many years ago and there were simply too many ships, meaning that charter rates were low. Meanwhile, demand has been remarkably consistent — lots of the stuff that gets transported across oceans is always in demand think bananas in British supermarkets. But Tufton knew that a fantastic opportunity was upon us. Today, with the over-supply of ships having finally worked through the system, they are currently very much under-supplied.
Asset values rose strongly, with the benchmark year old TEU ship up by c. According to research from Harper Petersen shipbrokers, there is negligible containership vessel capacity becoming available in the coming 12 months. We think this is one of those rare beasts: a high yielding investment with excellent capital growth prospects, and with idiosyncratic industry dynamics. It is also another example of how an investment in a Hawksmoor Fund gives your clients access to assets that other multi-asset peers might not be able to access.
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How it works? Add to watchlist Watchlisted. Invest Ideas. Key statistics. Not enough data for Expected Return. Not enough data for Risks Volatility. Not enough data for Beta calculations. Market capital. Not enough data for Earnings per share statistics.
Not enough data for Book Value calculations. Wall Street price. PE Ratio. Short Ratio. Daily Volume. Social Rate. Social Volume. Latest SHIP news. Invest ideas. Pays dividends. Earnings are positive. Above SMA No ideas for sell. Invest Ideas — the best way to get insights based on both fundamental and technical data. We analyze company's performance across sector and industry and generate investing ideas for you.
It's easy to monitor changes in signal with our watchlist. The Company's investment objective is to provides investors with a level of regular and growing income and capital returns through investing in a diversified portfolio of secondhand commercial sea-going vessels. The Company invests in a diversified portfolio of secondhand commercial sea-going vessels with the objective of delivering Read more.
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About Tufton Oceanic Assets Limited The Company has raised a total of approximately $m (gross) through its Initial Public Offering on the Specialist Fund Segment of the London Stock Exchange, on. Tufton Oceanic Assets operates as an investment management firm that offers fund services in the maritime, Stock Symbol LSE:SHIP; IPO Date Dec 20, Tufton Oceanic Assets invests in a diversified portfolio of secondhand commercial sea-going vessels for regular and growing income and capital returns.