Ocean Yield announces investment in four 3,800 TEU container vessels with long-term charters
Ocean Yield ASA (“Ocean Yield” or the “Company”) is pleased to announce that the Company has agreed to acquire four 2014 built 3,800 TEU container vessels with 12-year bareboat charters to companies owned and guaranteed by CMB NV (“CMB”). The aggregate purchase price is approximately USD 120 million net of pre-paid charter-hire. The vessels are built in 2014 with a capacity of 3,800 TEU and are expected to be delivered to the Company during the early part of third quarter 2018. CMB will have certain options to acquire the vessels during the charter period, with the first purchase option