Ocean Yield further extends charter of Lewek Connector

Norwegian owner Ocean Yield has extended the $40,000 per day bareboat charter to Emas Chiyoda Subsea, now part of Subsea 7, for subsea construction vessel Lewek Connector.

The two companies signed a four month charter in February and a subsequent extension in May after Ocean Yield had earlier terminated the original charter for the vessel to EMAS Chiyoda Subsea over non-payment.

A request for a standstill on the original charter for the vessel in December was an early sign of trouble for EMAS Chiyoda Subsea, which later filed for bankruptcy protection in the US as did Ezra Holdings, its main shareholder at the time, soon after.

The extension runs from October 16 when the current extension ends through to November 15 and includes extension options through to December 23.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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