In a major development, Okeanis Eco Tankers Corp. has announced the outcome of the arbitration proceedings related to 4 VLCCs on Long-Term Bareboat Charter, says a press release published on its website.
What is it?On 9 October 2019, four single-purpose companies (the “Charter Guarantors”) wholly owned by Okeanis Eco Tankers Corp. (“OET” or the “Company”) that each operate one VLCC on long-term bareboat charter from Ocean Yield ASA (“Ocean Yield”) gave notice to Ocean Yield requiring the sale...
http://mfame.guru/okeanis-announces-arbitration-outcome-for-4-vlccs/