Ocean Yield to Add Four Boxships with Long-Term Charters

ocean yield

Ocean Yield has agreed to acquire four 3,800 TEU container vessels with 12-year bareboat charters.

The company said that the purchase price for the quartet is USD 120 million net of pre-paid charter-hire.

The boxships are expected to be delivered to Ocean Yield during the early part of third quarter 2018.

Built in 2014, the units are chartered to companies owned and guaranteed by Belgium’s dry bulk transporter CMB NV. CMB will have certain options to acquire the vessels during the charter period, with the first purchase option exercisable after five years.

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