New VLCC with 15-Year Charter Joins Ocean Yield

TankerIllustration. Source: Pixabay under CC0 Creative Commons license

Oslo-listed Ocean Yield has taken delivery of the very large crude carrier (VLCC) Nissos Rhenia on May 3.

The tanker was delivered from the yard Hyundai Heavy Industries in South Korea and is the first in a series of four VLCCs that will be delivered to the company in 2019.

Upon delivery, the Marshall Islands-flagged ship commenced a 15-year bareboat charter to Okeanis Eco Tankers with a 5-year sub-charter to Singapore’s Koch Shipping.

The Greek shipping firm was established in 2018 by the Alafouzos family to take over its fleet of modern tanker vessels and tanker newbuildings.

With seven tankers built 2015 to 2018 and eight VLCCs for delivery in 2019, the company will focus on eco-designed units fitted with scrubbers.

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