Acquisition of two modern Ultramax dry bulk vessels with long-term charters
Ocean Yield ASA (“Ocean Yield” or the “Company”) is pleased to announce that the Company has agreed to acquire two modern Ultramax dry bulk vessels for a total consideration of USD 42 million net of a seller’s credit, with 11-year bareboat charters to Scorpio Bulkers Inc. (“Scorpio Bulkers”). In addition, Ocean Yield has committed to part finance the scrubber installation on both vessels, with an additional USD 3 million, which is expected in early 2020. The vessels are built in 2017 and are expected to be delivered to the Company during Q2 2019. Scorpio Bulkers will have certain options