Delivery of Suezmax crude tanker with long term charter
30 Jun 2017
Ocean Yield ASA ("Ocean Yield") is pleased to announce the delivery of the
suezmax crude tanker "Poliegos" today.
Upon delivery the vessel commenced a 14 years' bareboat charter to a company
owned and guaranteed by Okeanis Marine Holdings SA. Okeanis Marine Holdings SA
is the ship-owning holding company of the Alafouzos family, which has 50+ years
of history in shipping with long-term relations with a number of oil majors. The
management company of the group is known under the name Kyklades Maritime Corp.
Ocean Yield has taken delivery of six vessels this year, bringing the total
fleet to 37 vessels.
Lars Solbakken (CEO), Tel +47 24 13 01 90
Eirik Eide (CFO), Tel +47 24 13 01 91
Investor Relations contact:
Marius Magelie (SVP Finance & IR), Tel +47 24 13 01 82
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. Ocean Yield
ASA has an ambition to pay attractive quarterly dividends to its shareholders.