Tufton Oceanic Assets tops 13% yield
Tufton Oceanic Assets, the shipping-oriented fund manager with a London Stock Exchange listing, announces a run rate yield of 13.6% for the second quarter of the year. This comfortably tops its target internal rate of return of 12%
The company is also upbeat for shipping’s prospects, with feedership rates stabilising and a recovery in Brazilian iron ore output boosting the dry bulk market
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