Ocean Yield Adds LR2 Tanker Trio with Long-Term Charters

TankerIllustration. Image Courtesy: Pexels under CC0 Creative Commons license

Norwegian ship owner and operator Ocean Yield ASA has taken delivery of three long range 2 (LR2) product tankers built in China.

The ships in question are the 2018-built Navig8 Pride, the 2018-built Navig8 Providence and the 2019-built Navig8 Prestige.

As informed, the vessels were acquired from a Chinese leasing company with nine-year bareboat charters to Navig8 Topco Holdings.

Data provided by VesselsValue shows that Ocean Yield purchased a total of four L2 tankers from China’s Minsheng Financial Leasing in the second half of November 2019.

The fourth vessel, the 2018-built Navig8 Precision, is expected to be delivered next week, Ocean Yield said.

All four vessels are fitted with scrubbers and are part of Navig8’s Alpha8 Pool.

Following the latest acquisition, Ocean Yield’s fleet currently comprises about 70 vessels.

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