Ocean Yield Buying New Handysize Bulker with Long-Term Charter

BulkerIllustration; Source: PxHere under CC0 Creative Commons license

Norway-based shipping company Ocean Yield has reached an agreement to acquire one Handysize dry bulk newbuilding, scheduled for delivery by the end of September 2019.

Ocean Yield said that the unit would be purchased at a price of USD 18 million net of pre-paid charter hire.

The vessel has a 10-year bareboat charter to a company owned and guaranteed by Interlink Maritime Corp, an owner and provider of dry bulk vessels to agricultural and industrial commodities companies.

Interlink will have certain options to either sell or acquire the vessel during the charter period.

Including this vessel, Ocean Yield will own six vessels on long-term charter to Interlink Maritime, that owns a fleet of 28 Handysize vessels.

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