Ocean Yield ASA has taken delivery of the newbuilding suezmax crude tanker Nordic Tellus from Samsung Heavy Industries' shipyard in South Korea, the company said in its press release.
The vessel commenced a 10 years' bareboat charter to Nordic American Tankers Limited ("NAT") upon delivery.
NAT is a crude tanker company listed on the New York Stock Exchange with a fleet of 25 Suezmax tankers, including three vessels on long-term bareboat charter from Ocean Yield ASA.
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.