Delivery of LR2 product tanker with long-term charter


10 Dec 2019

Ocean Yield ASA is pleased to announce the delivery of the LR2 product tanker “Navig8 Precision” today. The vessel was acquired from a major Chinese leasing company in a transaction with four vessels, where the first three were delivered last week. The vessels have about 9 year’s remaining bareboat charters to Navig8 Topco Holdings Inc. All four vessels are fitted with scrubbers and built in 2018 and 2019.

Company contact:

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

Investor Relations contact:

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

 

Company information:

Ocean Yield ASA 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.