Norwegian owner Ocean Yield has struck a sale and leaseback deal for up to 10 newcastlemaxes booked for construction in China by Belgium’s Bocimar, the dry bulk arm of Compagnie Maritime Belge (CMB).
The KKR-owned firm is paying $576m net of seller’s credits for the 210,000 dwt newbuilds CSSC yard Qingdao Beihai Shipbuilding will deliver between 2025 and 2026.
The vessels will upon delivery be chartered back to Bocimar for 15 years with purchase obligations at the end of the charter period.
Ocean Yield noted the final transaction would include at least five ships and could go up to a maximum of 10 vessels, which is to be determined at a later stage.
