Page 7 - Ocean Yield News Today

International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today announced that it has signed agreements with Ocean Yield ASA (“Ocean Yield”) for the refinancing of six vessels in attractively structured sale leaseback transactions. The bareboat charter-in lease ...

Ocean Yield has agreed to invest in six very large crude carriers (VLCCs) on long-term charters to International Seaways.

With reference to the press release dated 13 October 2021, Ocean Yield ASA (“Ocean Yield” or the “Company”) is pleased to announce that the Company has agreed to invest in six VLCCs with 10-year bareboat charters to International Seaways Inc. (“International Seaways”) with purchase obligations at the end of the charters. The total net purchase ...

International Seaways, Inc., one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today announced that it has signed agreements with Ocean Yield ASA (“Ocean Yield”) for the refinancing of six vessels in attractively structured sale leaseback transactions. The bareboat charter-in lease agreements for the six modern scrubber-fitted ...

/PRNewswire/ -- With reference to the press release dated 13 October 2021, Ocean Yield ASA ("Ocean Yield" or the "Company") is pleased to announce that the...

New York-headquartered tanker shipping company International Seaways, Inc. on Tuesday announced it has signed agreements…

Navig8 Pride and Navig8 Providence are LR2 tankers built in 2018 and employed on long-term charters to subsidiaries of Navig8 Ltd. (“Navig8 Group”). The vessels are owned by a joint venture owned 50% by Ocean Yield ASA. In the charter contracts, Navig8 Group has options to sell the vessels to third parties, which have now ...

Octopus Bidco has received clearance from the Norwegian Competition Authority and the German Federal Cartel Office to acquire Ocean Yield.

Reference is made to the announcements on 13 September and 6 October 2021 and the offer document dated 5 October 2021 (the “Offer Document”) for the recommended voluntary offer (the “Offer”) by Octopus Bidco AS (the “Offeror”), a company indirectly wholly owned by funds advised by Kohlberg Kravis Roberts & Co. L.P. and its affiliates ...

Ocean Yield ASA (“Ocean Yield” or the “Company”) has entered into a term sheet to invest in vessels with a total purchase price of USD 380 million. The vessels have an average age of about five years, and will be on 10-year bareboat charters with purchase obligations at the end of the charter period. The ...