Nordic American Tankers strikes suezmax sale and leasback deal with Ocean Yield
New York-listed suezmax specialist Nordic American Tankers has bagged another financing deal with Norwegian owner and sale and leaseback player Ocean Yield.
The KKR-owned Ocean Yield is backing the Herbjorn Hansson-led tanker owner in its latest suezmax purchase the 2016-built Cherokee from Greece’s CM Lemos.
As part of the transaction, Ocean Yield will own and bareboat charter out the 158,600 dwt ship to Nordic American with a purchase obligation after eight years.
This is the third deal between the two companies since 2017.
“We have a long track record of successfully growing with our partners, and we are pleased to continue to support NAT with its fleet growth and renewal,” said Ocean Yield CEO Andreas Røde.
The ship will deliver during the fourth quarter increasing NAT’s fleet to 20 suezmaxes.
