Ocean Yield Adds Fifth Suezmax to Its Fleet

Suezmax MilosImage Courtesy: Okeanis Eco Tankers/Ocean Yield

Norway-based shipping company Ocean Yield has taken delivery of the Suezmax tanker Milos, bringing its current fleet of Suezmaxes to five.

Upon its delivery on February 7, the 2016-built vessel commenced its employment under a 13-year bareboat charter deal with Okeanis Eco Tankers (OET).

Featuring 157,525 dwt, Milos was built by Sungdong Shipbuilding in Korea and is a sister vessel to Ocean Yield’s Poliegos, which is on charter with OET since mid-2017.

As earlier noted by the company, the purchase price of USD 56 million for Milos includes a seller’s credit of USD 7 million, giving a net purchase price of USD 49 million.

The Greek charterer Okeanis Eco Tankers will have certain options to acquire the vessel during the charter period, according to Ocean Yield.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 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 6

The Smart Ship Exchange

The Exchange will look at the issues involved with increasing autonomy in shipping with an introduction to the concept…

read more >

3rd MarSat Workshop

The MARSAT project wants to operationalise and standardise EO products and aims to develop…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >