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2020 June 12   12:05

Ocean Yield ASA announces completion of vessel sale

With reference to the press release dated 25th December 2019, where Navig8 Chemical Tankers Inc. declared the five-year purchase option on the chemical tanker “Navig8 Aquamarine”, the transaction was successfully completed, the company said in its release.

Navig8 Chemical Tankers Inc. has also exercised the five-year option for the vessel “Navig8 Amessi” and that vessel is expected to be delivered towards the end of July.

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.