UK owner Tufton Oceanic Assets has spent more of its share-issue cash on a containership.
The London-listed company said it had acquired an unnamed vessel for $8.75m, bringing its fleet to 17 units.
It is backed by a charter to a "major investment-grade container shipping group for at least three years", it added.
The forecast yield exceeds the targets contained in Tufton's prospectus from last September, the company said.
This is the first investment funded entirely from the proceeds of the placing announced last month, which raised $31m.
Before this, it had spent $19.9m on a crude tanker at the end of September, although some of the cash came from previous share issues.
The company said it "continues to identify an attractive pipeline of opportunities across a range of...target sectors."
During the last year it had raised combined proceeds of $128.4m through two share issues.
Tufton has all but one of its 17 vessels employed on fixed-rate medium to long term charters.
