Acquisition of 49.9% interest in one dual-fuel container vessel with 18-year charter
Ocean Yield ASA ("Ocean Yield") has agreed to acquire 49.9% equity interest in one dual-fuel newbuilding container vessel with 18-year bareboat charter to a major European container line. The vessel, with a capacity of 15,300 TEUs is under construction at Hyundai Heavy Industries in Korea and is expected to be delivered in Q3 2022. The vessel will be fitted with a dual-fuel engine and will be able to operate on LNG. The vessel will commence its 18- year bareboat charter to a major European container line upon delivery. The investment will be made through Box Holdings Inc., a joint