Investment in Suezmax tanker with long-term charter
Ocean Yield ASA (“Ocean Yield” or “Company”) is pleased to announce that the Company has agreed to acquire a modern Suezmax tanker for a consideration of USD 56.0 million with 13-year bareboat charter to Okeanis Eco Tankers Corp (“Okeanis Eco Tankers”). The purchase price includes a seller’s credit of USD 7.0 million, giving a net purchase price of USD 49.0 million. The vessel, “Milos”, was built in 2016 by Sungdong Shipbuilding in Korea and is a sister vessel to “Poliegos”, another Suezmax vessel owned by Ocean Yield. The vessel will be delivered to the Company during Q1 2019. Okeanis