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Ocean Yield Invests in Four 3,800 TEU Container Vessels
Ocean Yield announced that it has agreed to acquire four 2014 built 3,800 TEU container vessels with 12-year bareboat charters to companies owned and guaranteed by CMB NV.
The aggregate purchase price is approximately USD 120 million net
of pre-paid charter-hire.
The vessels are built in 2014 with a capacity of 3,800 TEU and
are expected to be delivered to the Company during the early part
of third quarter 2018. CMB will have certain options to acquire
the vessels during the charter period, with the first purchase
option exercisable after five years.
CMB is a maritime group founded in 1895 and based in Antwerp,
Belgium, with activities within dry bulk- and chemical tanker
shipping, container vessels and aviation leasing. After taken
private in 2015, CMB is now wholly owned by the Saverys family.
Ocean Yield ASA's Chief Executive Officer Lars Solbakken said in
a comment: "We are pleased to increase our investments in
container vessels with four modern carriers with long-term
charters to CMB. The transaction further diversifies our client
base and increases our charter backlog. We remain committed to
continue to grow our portfolio of vessels to support attractive
dividends to our shareholders."
Jun 12, 2018
