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Ocean Yiels Announces Acquisition of 49 9% interest in one dual-fuel container vessel with 18-year charter

Ocean Yiels Announces Acquisition of 49.9% interest in one dual-fuel container vessel with 18-year charter Ocean Yield ASA (“Ocean Yield”) has agreed to acquire 49.9% equity interest in one dual-fuel newbuilding container vessel with 18-year bareboat charter to a major European container line. The vessel, with a capacity of 15,300 TEUs is under construction at Hyundai Heavy Industries in Korea and is expected to be delivered in Q3 2022. The vessel will be fitted with a dual-fuel engine and will be able to operate on LNG. The vessel will commence its 18- year bareboat charter to a major European container line upon delivery. The investment will be made through Box Holdings Inc., a joint venture between Ocean Yield and Quantum Pacific Shipping formed in 2016, which already owns six mega container vessels with long-term charters. The transaction is subject to final documentation.

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