Delivery of gas carrier with long term charter to Hartmann / SABIC
Ocean Yield ASA is pleased to announce the delivery of
the 38,000 cbm liquefied ethylene gas carrier "Gaschem
Beluga" from Sinopacific Offshore & Engineering,
China. The vessel is the first of two sister vessels
to be delivered, and the second vessel has scheduled
delivery on July 1st 2017.
Upon delivery the vessel commenced a 15-year "hell and
high water" bareboat charter to the Hartmann Group
("Hartmann") and the vessel will enter into a 10 year
sub-charter to SABIC Petrochemicals B.V ("SABIC") upon
arrival in Houston in December. The vessel will be
used for shipments of ethane from Houston to SABIC's
cracker in Teeside,UK.
The eco-friendly LEG carrier is of ECO STAR design,
developed by Hartmann. The vessel is equipped with MAN
B&W dual fuel 2-stroke engine and can operate on
different fuels including ethane. A new "Star-Trilobe"
tank allows for an increase in capacity by nearly 30%
compared to the traditional "bilobe" tanks with the
same ship dimensions.
Ocean Yield ASA's Chief Executive Officer Lars
Solbakken said in a comment: "We are pleased to take
delivery of the Gaschem Beluga which has a very
innovative design and will be used to transport ethane
for one of the world's largest petrochemicals
Lars Solbakken, CEO of Ocean Yield ASA
Phone: +47 24 13 01 90
Eirik Eide, CFO of Ocean Yield ASA
Phone: +47 24 13 01 91
Investor Relations contact:
Marius Magelie, SVP Finance & IR
Phone: +47 24 13 01 82