Ocean Yield: Investment in Suezmax With Long-term Charter

Capt. John

Ocean Yield announced the Company’s assent to acquire a modern Suezmax tanker, says an article in SeaNews.

What is in the agreement?

Ocean Yield on Wednesday announced that the Company has agreed to acquire a modern Suezmax tanker  for a consideration of USD 56.0 million with 13-year bareboat charter to Okeanis Eco Tankers Corp (“Okeanis Eco Tankers”).

The purchase price includes a seller’s credit of USD 7.0 million, giving a net purchase price of USD 49.0 million.

Vessels Ocean Yield owns

The...

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