Delivery of handysize dry bulk carrier with long term charter

Ocean Yield ASA (“Ocean Yield”) is pleased to announce the delivery of the 2018 built handysize dry bulk vessel “La Loirais” today.

Upon delivery the vessel commenced a 12 years’ bareboat charter to a company owned and guaranteed by Louis Dreyfus Armateurs Group (“LDA”).

LDA is a French family owned group engaged in maritime transportation and services and founded more than 160 years ago. The group is a major player in dry bulk, marine and port logistics, transportation of heavy and specialized cargoes, in addition to having diversified activities in marine industrial services such as submarine cable laying and marine renewable energies.

Company contacts:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & IR), Tel +47 24 13 01 82

Company information:

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.