UK-listed fund Tufton Oceanic Assets has boosted it fleet to 19 ships with a deal to buy a bulker.

The handysize vessel, which it did not identify, cost $10.6m, Tufton Oceanic said.

The bulker comes with a fixed-rate charter for between 10 and 13 months to "a large maritime transport and logistics company", the company added.

Tufton Oceanic said the yield during the charter is in line with the targets expressed in the company's prospectus from 2018.

The company reiterated that it continues to identify "an attractive pipeline of opportunities" across its target sectors.

Earlier this month, Tufton Oceanic expanded the fleet with a move for two product tankers.

Tufton Oceanic said the unnamed vessels cost $23m, with three-year to five-year charters attached.

Ridgebury raided again

Shipping databases now list these ships as the 37,000-dwt Ridgebury Elvia B and Ridgebury Colette B (both built 2008).

This followed up a deal for another Ridgebury tanker in March and a handysize bulker from Interorient in the same month.

The fleet now comprises tankers, bulkers, boxships and an LPG carrier.

Tufton Oceanic said its value had increased over the third quarter due to booming boxship markets.

The London-listed shipowner, which is backed by Tufton Investment Management, revealed an estimated unaudited net asset value of $0.95 per share as of 30 September.

This is an increase on $0.93, which equated to $238m, on 30 June.