Tufton Reports Lower Operating Profit
Tufton Assets, a London-listed investment firm, reports lower operating profit due to several vessels being off-hire for scheduled dry dockings.
The company notes that new IMO rules, if adopted, will have a positive impact on shipping and the values of fuel-efficient secondhand vessels.
New IMO rules, if adopted, bode well for shipping and values of fuel-efficient secondhand vessels.
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Author's summary: Tufton Assets reports lower operating profit.