Ocean Yield AS To Invest In Four Product Tankers

Credit: venti-views-tm-unsplash

Ocean Yield AS (“Ocean Yield” or the “Company”) is pleased to announce that it has agreed to purchase four LR1 product tankers to be constructed at Guangzhou Shipyard International (GSI) in China, says an article on Marine Insight. 

Dual Fuel Operation

The vessels will be built with a design enabling them to be converted to dual-fuel operation with methanol as fuel. Upon delivery (in 2026 and 2027), the vessels will commence 15-year bareboat charters to guaranteed...

https://mfame.guru/ocean-yield-as-to-invest-in-four-product-tankers/

Höegh Autoliners To Buy Car Carrier From Ocean Yield

A recent news article published in the India Sea Trade News states that Höegh Autoliners takes $53.2m option to buy car carrier from Ocean Yield.

Norway’s Höegh Autoliners

Norway’s Höegh Autoliners has declared an option to purchase the 2016-built 8,500 ceu PCTC Höegh Tracer, currently on bareboat charter from Ocean Yield, for $53.2m.

Höegh says that financing options are currently being evaluated, and ownership of the vessels will be transferred during the first quarter of 2023.

The vessel was...

https://mfame.guru/hoegh-autoliners-to-buy-car-carrier-from-ocean-yield/