24 September 2019
Tufton Oceanic Assets Limited (the "Company")
Key global initiative for shipping's decarbonization
The Board of Tufton Oceanic Assets Limited (ticker: SHIP.L) is pleased to announce that the Company's Investment Manager - Tufton Oceanic Limited has joined the Getting to Zero Coalition, a partnership between the Global Maritime Forum, the Friends of Ocean Action, and the World Economic Forum.
The ambition of the Getting to Zero Coalition is closely aligned with the UN International Maritime Organization's Initial greenhouse gas strategy. The strategy prescribes that international shipping must reduce its total annual greenhouse gas emissions by at least 50% of 2008 levels by 2050, whilst pursuing efforts towards phasing them out as soon as possible in this century. This will ultimately align greenhouse gas emissions from international shipping with the Paris Agreement. Further information may be found at https://www.globalmaritimeforum.org/getting-to-zero-coalition/
Tufton Oceanic Limited, the Investment Manager, recognizes the importance of integrating ESG factors into the organization and investment process and continues to strive towards this goal.
For further information, please contact:
Tufton Oceanic Limited Tel: +44 (0) 20 7518 6700
Andrew Hampson
Paulo Almeida
N+1 Singer Tel: +44 (0) 207 496 3030
James Maxwell (Corporate Finance)
Alan Geeves, James Waterlow, Sam Greatrex (Sales)
Hudnall Capital LLP Tel: +44 (0) 20 7520 9085
Andrew Cade
About the Company
Tufton Oceanic Assets Limited invests in a diversified portfolio of secondhand commercial sea-going vessels with the objective of delivering strong cash flow and capital gains to investors. The Company's investment manager is Tufton Oceanic Limited. The Company was admitted to the Specialist Fund Segment of the London Stock Exchange on 20 December 2017.
