Ocean Yield announces investment in three Suezmax tankers with long term charters
Ocean Yield ASA (“Ocean Yield” or the “Company”) is pleased to announce that the Company has agreed to acquire three suezmax crude tankers with 10-year bareboat charters to Nordic American Tankers Limited (“NAT”). The net purchase price is USD 43.2 million per vessel after seller’s credit. The net purchase price constitutes 77.5% of the gross purchase price, which is equal to the yard contract price. The vessels are scheduled for delivery by the yard, Samsung Heavy Industries, South Korea, in June, August and October 2018. NAT will have options to acquire the vessels after year 5 and 7