Lewek Connector: Extension of charter contract

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Reference is made to the stock exchange release from Ocean Yield ASA (“Ocean Yield”) dated 19 May 2017, regarding extension of the bareboat charter contract for the Lewek Connector at a rate of USD 40,000 per day (the “Charter”). The Charter is currently running until 15 October 2017, following the declaration of certain extension options.

Ocean Yield has now entered into a contract for extension of the Charter for a firm period until 15 November 2017, plus further extensions in charterer’s option for a period up until 23 December 2017, at a rate of USD 40,000 per day.


Company contacts:

Lars Solbakken (CEO), Tel +47 24 13 01 90

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

Investor Relations contact:

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

Ocean Yield 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. Ocean Yield has an ambition to pay attractive quarterly dividends to its shareholders. 

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