Ocean Yield ASA announces delivery of handysize dry bulk newbuilding with long term charter
Ocean Yield ASA has announced the delivery of the handysize dry bulk vessel "Interlink Amenity". Upon delivery the vessel commenced a 10 years' bareboat charter to a company owned and guaranteed by Interlink Maritime Corp ("Interlink Maritime").
Interlink Maritime is an owner and provider of dry bulk vessels to agricultural and industrial commodities companies, shipping companies and other end-users. It was founded in 1979 by Paul Gurtler and controls a fleet of 28 handysize vessels, including newbuildings. The company is majority owned by The Carlyle Group, which is a global alternative asset manager with USD 174 billion of assets under management across 306 investment vehicles.
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.