Tufton Oceanic Assets Ltd - Guernsey, UK-based investment company focused on second-hand commercial vessels - Announces divestment of Handysize Bulker Lavender for $17.7 million, with a realised net internal rate of return at 50%.

Also sells Containership Parrot for $31.0 million, on the grounds of expectations that the ship will underperform in an inflationary environment.

Finally, acquires one Handysize Bulker for $26.3 million, with a fixed rate time charter of four to six months producing a net yield of 27%.

Current stock price: $1.32

12-month change: up 23%

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