Delivery of gas carrier with long term charter to Hartmann / SABIC
Ocean Yield ASA (“Ocean Yield” or “Company”) is pleased to announce the delivery of the 36,000 cbm liquefied ethylene gas carrier “Gaschem Orca” from Sinopacific Offshore & Engineering, China (“SOE”). The vessel is the second of two sister vessels delivered to the Company. Upon delivery the vessel commenced a 15-year bareboat charter to the Hartmann Group ("Hartmann") and the vessel will enter into a 10 year sub-charter to SABIC Petrochemicals B.V (“SABIC”) upon arrival in Houston in July. The vessel will be used for shipments of ethane from Houston to SABIC’s cracker in Teeside, UK.