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Ocean Yield Adds LR2 Tanker Trio

Image:  Ocean Yield ASA

Laxman Pai

Norwegian ship owner and operator Ocean Yield ASA has taken delivery of three long range 2 (LR2) product tankers built in China.

The three LR2 product tankers are Navig8 Pride (2018-built), Navig8 Providence (2018-built) and Navig8 Prestige (2019-built).

The vessels were acquired from a major Chinese leasing company with about 9 year's remaining bareboat charters to Navig8 Topco Holdings Inc.

The fourth vessel, the "Navig8 Precision" is expected to be delivered next week. All four vessels are fitted with scrubbers and built in 2018 and 2019.

Following the latest acquisition, Ocean Yield's fleet currently comprises about 70 vessels.

Ocean Yield ASA is a ship owning company with investments in vessels on long-term charters.

Dec 5, 2019

 

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