Investment in LNG carriers with long-term charters
Ocean Yield AS ("Ocean Yield" or the "Company") is pleased to announce that it has agreed to purchase infrastructure fund CVC DIF’s share in the French company Geogas LNG, providing an indirect economic interest of up to 34% in France LNG Shipping SAS (“FLS”). FLS owns a portfolio of LNG carriers on long-term charters and is 50/50 owned by NYK and Geogas LNG. Six vessels are currently on the water with an average age of three years, with further two being delivered in 2024 and 2025. Four additional newbuildings are expected to be novated to FLS at or around closing of the transaction and