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Ocean Yield Acquires 3 Bulk Vessels with Long Term Charters

Logistic News - Published on Mon, 17 Feb 2020

Image Source: Ocean Yield
Ocean Yield ASA announced that it has agreed to acquire two ultramax and one kamsarmax dry bulk vessels for a total consideration of USD 62.8 million net of pre-paid charter hire with 9, 10 and 12 years bareboat charters to Scorpio Bulkers Inc. In addition, Ocean Yield has committed to part finance the scrubber installation on the vessels, with an additional of USD 1.5 million per vessel during 2020.

The two ultramax vessels are built in 2015 and 2016 and the kamsarmax vessel is built in 2018. All vessels are expected to be delivered to the Company during Q1 2020. Scorpio Bulkers will have certain options to either trigger a sale or acquire the vessels during the charter period.

Source :

Posted By : Nishith Sharma on Mon, 17 Feb 2020
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