Ocean Yield invests in Newcastlemax newbuildings
Ocean Yield AS has agreed to acquire up to 10 Newcastlemax dry bulk newbuildings for a total consideration of up to US$576 million net of seller’s credits.
Upon delivery, the vessels will commence 15-year bareboat charters to a leading dry bulk operator with purchase obligations at the end of the charter period. Expected delivery will be between 1Q25 and 2Q26.
The final transaction scope will be a minimum of five and a maximum of ten vessels, to be determined at a later stage. Assuming a transaction scope of 10 vessels, the transaction will add around US$950 million to the company’s EBITDA backlog.
Read the article online at: https://www.drybulkmagazine.com/shipping/12122022/ocean-yield-invests-in-newcastlemax-newbuildings/
You might also like
Tarmac secures ISO 19443 certification for nuclear materials supply
Tarmac is now certified to the ISO 19443 nuclear safety standard for the supply of aggregates, strengthening its ability to provide consistent, repeatable, and traceable quality materials for the nuclear sector.