Investment in two Suezmax tankers with sustainability-linked lease
Ocean Yield AS ("Ocean Yield" or the "Company") is pleased to announce that it has agreed to acquire two 2022-built Suezmax tankers. Both vessels were built at Daehan Shipbuilding in Korea. Upon delivery (expected in the fourth quarter), the vessels will commence 14-year bareboat charters to guaranteed subsidiaries of Euronav NV, a leading crude oil tanker company, listed on the New York Stock Exchange and Euronext Brussels. The bareboat charter rates will have a variable element linked to the respective vessel’s actual carbon emissions, incentivizing the charterer to keep emissions low.