Ocean Yield announces acquisition of newcastlemax dry bulk newbuilding with long-term charter
Ocean Yield ASA has agreed to acquire one 206,000 dwt newcastlemax dry bulk newbuilding for a total consideration of USD 40 million net of a seller's credit, with 15 -year bareboat charter to CMB NV, the company said in its release.
The vessel is expected to be delivered from the shipyard in Q1 2020. CMB will have certain options to either sell or acquire the vessel during the charter period.
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.