Tufton Oceanic Assets Ltd. Key global initiative for shipping decarbonization (3671N)
September 24 2019 - 1:00AM
UK Regulatory
TIDMSHIP
RNS Number : 3671N
Tufton Oceanic Assets Ltd.
24 September 2019
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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