Ocean Yield Welcomes Four Boxships into the Fleet

containershipIllustration; Image Courtesy: Pixabay under CC0 Creative Commons license

Oslo-listed shipowner Ocean Yield ASA has taken delivery of four 2014-built 3,800 TEU container vessels.

Upon delivery the vessels commenced 12-years bareboat charters to companies owned by Antwerp shipowner CMB NV (CMB).

After taken private in 2015, CMB is now wholly-owned by the Saverys family.

The company agreed to acquire the quartet in early June this year for USD 120 million net of pre-paid charter-hire.

CMB will have certain options to acquire the vessels during the charter period, with the first purchase option exercisable after five years.

Following the share issue completed during the first quarter, Ocean Yield has increased its investment capacity and plans to continue to grow its portfolio of vessels.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >