UK-based Tufton Oceanic Assets has announced the acquisition of a handysize bulk carrier for $10.6m.

The vessel has been chartered to an unnamed maritime transport company for 10 to 13 months.

Tufton bought a pair of product tankers earlier this month and said its investment manager continues to identify an attractive pipeline of opportunities across a range of the company’s target sectors.

According to VesselsValue, Tufton Oceanic owns a fleet of 53 vessels made up of 13 bulkers, 21 boxships, 17 tankers and two LPG carriers.