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Delivery of three LR2 product tankers with long-term charters

Logistic News - Published on Thu, 12 Dec 2019

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Ocean Yield ASA announced delivery of the three LR2 product tankers Navig8 Pride, Navig8 Providence and Navig8 Prestige today. The vessels were acquired from a major Chinese leasing company with about 9 year’s remaining bareboat charters to Navig8 Topco Holdings Inc. The fourth vessel, the Navig8 Precision is expected to be delivered next week. All four vessels are fitted with scrubbers and built in 2018 and 2019.

Ocean Yield ASA is a ship owning company with investments in vessels on long-term charters. The company has a significant contract backlog that offers visibility with respect to future earnings and dividend capacity.

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Posted By : Rabi Wangkhem on Thu, 12 Dec 2019
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