Ocean Yield announces investment in Suezmax tanker with long term charter
Ocean Yield ASA has agreed to acquire a new Suezmax tanker for a consideration of USD 54.0 million with 14-year bareboat charter to a company owned and guaranteed by Okeanis Marine Holdings SA. The purchase price includes a seller’s credit of USD 7.0 million, giving a net purchase price of USD 47.0 million. The vessel, which is built in 2017, will be delivered to Ocean Yield within June 2017. Okeanis Marine Holdings SA will have certain options to acquire the vessel during the charter period, with the first purchase option exercisable after seven years. The acquisition will be