Sale of the diving support & construction vessel "SBM Installer"
The car carrier Höegh Xiamen declared a constructive total loss after a fire that broke out onboard the vessel in early June in Jacksonville, USA.
Agreement with Aker Capital whereby Aker will acquire from Ocean Yield 50% of 7 tankers with long-term charters. The JV will own four LR2 product tankers with long-term charter to the Navig8 Group and three suezmax tankers with long-term charter to Nordic American Tankers Ltd.
Acquisition of two ultramax and one kamsarmax dry bulk vessels for a total consideration of USD 62.8 million net of pre-paid charter hire with 9, 10 and 12 years bareboat charters to Scorpio Bulkers.
Successful placement of NOK 750 million in senior unsecured bonds (OCY07) with maturity in 2024 and coupon of 3M NIBOR + 4.25% p.a.
Successful private placement of NOK 717 million of new common equity.
Acquisition of four modern scrubber-fitted LR2 product tankers with long-term charter to Navig8 Group from a major Chinese leasing company. The net purchase price is about USD 132 million in total.
Acquisition of two newcastlemax dry bulk newbuildings with 13-year bareboat charter to 2020 Bulkers. The total purchase price was USD 82 million net of pre-paid charter hire.
Acquisition of one ethylene gas carrier with 13-year bareboat charter to Navigator Gas. The purchase price was USD 69.75 million net of pre-paid charter hire.
Successful placement of USD 125 million in new perpetual hybrid bond, carrying a coupon of LIBOR + 6.50% p.a.
Acquisition of one handysize dry bulk newbuilding with 10-year bareboat charter to Interlink Maritime. The purchase price was USD 18 million net of pre-paid charter hire.
Acquisition of one 206,000 dwt newcastlemax dry bulk newbuilding for a total consideration of USD 40 million net of a seller's credit with 15 -year bareboat charter to CMB
Acquisition of two modern Ultramax dry bulk vessels with 11-year bareboat charters to Scorpio Bulkers. The net purchase price is USD 42.0 million after seller's credits in addition to scrubbers in early 2020.
Option agreement with Aker Energy, where Aker Energy has an option to bareboat charter the FPSO Dhirubhai-1 for a period of 15 years. If the option is exercised, the FPSO is intended to be used for an early-production project offshore Ghana.
Acquisition of a modern Suezmax tanker with 13-year bareboat charter to Okeanis Eco Tankers. The net purchase price is USD 49.0 million after a seller's credit.
Investment in two 2015 built 37,000 dwt IMO II chemical tankers with 12-year bareboat charters to Ardmore Shipping Corporation. The aggregate purchase price is approximately USD 51 million net of pre-paid charter-hire.
After 10-years of production, the contract for the FPSO Dhirubhai-1 on the MA-field in India expired and the FPSO ceased production.
Investment in four 2014 built 3,800 TEU container vessels with 12-year bareboat charters to CMB. The aggregate purchase price is approximately USD 120 million net of pre-paid charter-hire.
Successful placement of NOK 750 million in senior unsecured bonds with maturity in 2023 and coupon of 3M NIBOR + 3.65% p.a.
Successful private placement of NOK 759 million of new common equity.
Investment in five handysize dry bulk vessels with 10-year bareboat charters to Interlink Maritime.
Investment in two handysize dry bulk vessels with 12-year bareboat charters to Louis Dreyfus Armateurs Group.
Investment in four VLCC crude tankers with 15-year bareboat charters to Okeanis Marine Holdings. All four vessels are sub-chartered to the shipping arm of a large industrial conglomerate for a period of 5 years.
Investment in three Suezmax crude tankers with 10 year bareboat charters to Nordic American Tankers Ltd.
The company's ordinary shares approved to trade on the OTCQX Best Market in the United States under the symbol "OYIEF".
Acquisition of two Platform Supply Vessels ("PSVs") from BP Shipping with long term charters to Aker BP ASA.
Acquisition of a new Suezmax crude tanker with 14 years charter to Okeanis Marine Holdings SA.
Scorpio Tankers announced merger with our counterparty Navig8 Product Tankers.
Served termination of notice related to the bareboat charter to EMAS Chiyoda Subsea Group and subsequently entered into a short term charter contract to a related company.
Successful placement of new unsecured bond issue by American Shipping Company ASA.
Agreement on a fully funded restructuring plan for Farstad Shipping.
Amended terms on gas carriers under construction at Sinopacific. The expected delivery date on Vessel 2 will be July 2017. For Vessel 3, it has been agreed to cancel the vessel with pre-delivery instalments refunded in Q4'16.
Acquisition of two 45,000 dwt IMOII chemical tankers with 12 years charters to Navig8 Ltd. ("Navig8 Group").
Successful placement of NOK 750 million in senior unsecured bonds with maturity in 2021 and coupon of NIBOR + 4.50% p.a.
Successful private placement of NOK 862 million of new common equity.
Completion of modification of Aker Wayfarer at the Kleven Myklebust yard.
Acquisition of a 49.5% equity interest in six newbuilding container vessels with capacity of 19,500 TEU which are owned by Quantum Pacific Shipping and are on 15-year bareboat charters to a major European container line.
Acquisition of four newbuilding LR2 product tankers with 13 years charters to Navig8 Product Tankers Inc.
Successful placement of NOK 1000 million in senior unsecured bonds with maturity in 2020 and coupon of NIBOR + 4.00% p.a.
Acquisition of eight chemical tankers with 15 years charter to Navig8 Chemical Tankers Inc.
Successful closing of a new bank facility of up to USD 50.5 million related to the FPSO Dhirubhai-1.
Announced the sale of the seismic vessel “Geco Triton” to Western Geco.
Announced investment in Diving Support and Offshore Contruction vessel with long term charter to SBM Offshore.
Announced extension of the bareboat charter for “Aker Wayfarer” until 2027 in combination with a USD 90 million modification investment in the vessel.
Successful placement of NOK 400 million in senior unsecured bonds with maturity in 2019. The bonds were placed with an implicit pricing of NIBOR + 3.65% p.a. The remaining bonds with maturity in 2017 were called and cancelled.
Announced investment in three newbuilding gas carriers of 36,000 cbm with long term charters and investment in two 2010 built car carriers with long-term charters to Höegh Autoliners.
Successful placement of NOK 600 million in senior unsecured bonds with maturity in 2019. Coupon of NIBOR + 3.90% p.a. NOK 432 million of outstanding bonds maturing in 2017 were bought back and cancelled.
Announced recapitalisation of American Shipping Company including amendments to the bond agreement.
Initiating quarterly dividends to its shareholders.
Announcement of investment in two newbuilding PCTC vessels of 8,500 CEU capacity with 12-year bareboat charters to Höegh Autoliners, scheduled for delivery in 2016.
Successful closing of Initial Public Offering and listing of the Company on the Oslo Stock Exchange, with net proceeds of USD 145 million. New Board of Directors in place from the time of listing.
Announcement of investment in two new Anchor handling tug supply vessels (AHTS) with 12 year charters to Farstad Supply AS, with delivery in March and June 2013.
Announcement of the acquisition of the offshore construction and cable lay vessel Lewek Connector with 10-year bareboat charter to the Ezra Group.
Announcement of investment in two newbuilding PCTC vessels of 6,500 CEU capacity with 12-year bareboat charters to Höegh Autoliners, with delivery in April and September 2014.
Successful placement of NOK 600 million in senior unsecured bonds with maturity in 2017. Coupon of NIBOR + 6.50% p.a.
Establishment of Ocean Yield based on oil-service assets with long term-charters previously owned by Aker ASA. Management and Board of Directors were recruited.