Tufton Oceanic Assets Limited buys Product Tanker, Marvelous

LONDON, UK: The Board of Tufton Oceanic Assets Limited announced the Company has agreed to acquire a Product Tanker for $31.5 million. The Product Tanker, Marvelous, is being acquired at approximately 90% of depreciated replacement cost. Initially the vessel will be employed in a leading product tanker pool where current net unlevered yield is in…