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Ocean Yield to acquire a handysize newbuilding

Published by , Assistant Editor
Dry Bulk,

Ocean Yield ASA (Ocean Yield) has agreed to acquire one handysize dry bulk newbuilding with 10 year bareboat charter to a company-owned and guaranteed by Interlink Maritime Corp (Interlink Maritime). The purchase price is US$18 million net of pre-paid charter hire.

The vessel is expected to be delivered from the shipyard by the end of September 2019. Interlink will have certain options to either sell or acquire the vessel during the charter period. Including this vessel, Ocean Yield will own six vessels on long-term charter to Interlink Maritime.

Interlink Maritime is an owner and provider of dry bulk vessels to agricultural and industrial commodities companies, shipping companies and other end-users. It was founded in 1979 by Paul Gurtler and owns a fleet of 28 handysize vessels. The company is majority owned by The Carlyle Group, which is a global alternative asset manager with US$223 billion of assets under management across 362 investment vehicles.

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