Tufton Oceanic Assets Ltd. New commitments to decarbonise shipping (4934M)
22 Septiembre 2021 - 12:59AM
UK Regulatory
TIDMSHIP
RNS Number : 4934M
Tufton Oceanic Assets Ltd.
22 September 2021
22 September 2021
Tufton Oceanic Assets Limited (The "Company")
New commitments to decarbonise shipping
The Company's Investment Manager, Tufton Investment Management
Ltd, announced as part of the UN General Assembly and Climate Week
NYC its commitments to align its funds to the Paris Agreement by
fully transitioning them to zero carbon energy sources by 2050 and
investing in zero carbon capable vessels before 2030. These new
commitments are significantly ahead of current industry targets and
aligned with those of other industry leaders who have also been
members of the Getting to Zero Coalition alongside the Investment
Manager since September 2019.
The Company announced in July that it plans to invest
approximately $1m per vessel in Energy Saving Devices ("ESD") over
the next few years. These ESD will increase efficiency and reduce
emissions by approximately 10% and have expected returns above the
Company's targets. The Investment Manager believes that further
retrofits enabling secondhand vessels to become capable of
consuming zero carbon fuels are technically feasible and will
increasingly become economically attractive over the next few
years. The Investment Manager will continue to assess the
suitability of the Company's vessels for such further retrofits in
collaboration with leading charterers with strong decarbonisation
targets.
For further information, please contact:
Tufton Investment Management Ltd (Investment
Manager)
Andrew Hampson
Paulo Almeida +44 (0) 20 7518 6700
Singer Capital Markets
James Maxwell, Alex Bond (Corporate Finance)
Alan Geeves, James Waterlow, Sam Greatrex
(Sales) +44 (0) 20 7496 3000
Hudnall Capital LLP
Andrew Cade +44 (0) 20 7520 9085
About the Company
Tufton Oceanic Assets Limited invests in a diversified portfolio
of secondhand commercial sea-going vessels with the objective of
delivering strong cash flow and capital gains to investors. The
Company's investment manager is Tufton Investment Management Ltd.
The Company has raised a total of approximately $277.5m (gross)
through its Initial Public Offering on the Specialist Fund Segment
of the London Stock Exchange, on 20 December 2017, a subsequent
placing and offer in October 2018, a placing in March 2019, a
placing in September 2019 and tap issues in March and August 2021
.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDEAANFASLFEFA
(END) Dow Jones Newswires
September 22, 2021 01:59 ET (05:59 GMT)
Tufton Oceanic Assets (LSE:SHIP)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Tufton Oceanic Assets (LSE:SHIP)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024