Reference is made to the stock exchange release from Ocean Yield ASA ("Ocean Yield") dated 19 May 2017, regarding extension of the bareboat charter contract for the Lewek Connector at a rate of USD 40,000 per day (the "Charter"). The Charter is currently running until 15 October 2017, following the declaration of certain extension options.
Ocean Yield has now entered into a contract for extension of the Charter for a firm period until 15 November 2017, plus further extensions in charterer's option for a period up until 23 December 2017, at a rate of USD 40,000 per day.
Company contacts:
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 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 has an ambition to pay attractive quarterly dividends to its shareholders.