The boxship has a time charter of around 5.5 years to a major container line.
Tufton Oceanic has also committed to invest USD 4.7 million to upgrade the vessel under the terms of the charter.
The yield exceeds the targets expressed in the company’s prospectus dated September 25, 2018, according to Tufton Oceanic.
This acquisition will boost the company’s fleet to fifteen vessels and increase the average charter length across the portfolio to 3.5 years.
