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Sale of dry bulk vessel

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SBI Libra is an ultramax dry bulk vessel built in 2017 and employed on a long-term charter to Scorpio Bulkers Inc.

Scorpio Bulkers Inc. has declared an option to sell SBI Libra to an unrelated third party. Ocean Yield ASA will receive proceeds of USD about 20 million and record a small book profit from the sale. Delivery of the vessel is expected during Q1 2021.

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long-term charters. The company has a significant contract backlog that offers visibility with respect to future earnings and dividend capacity. 

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