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 Fresnais” 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 group engaged in maritime transportation and services and founded more than 160 years ago. The group is a major player of 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:

Lars Solbakken (CEO), Tel +47 24 13 01 90

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

Investor Relations contact:

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