Ocean Yield snaps up another methanol-ready boxship newbuild

Norwegian owner Ocean Yield has agreed to buy another 5,500 teu container vessel under construction in South Korea.

As with the previous acquisition announced in June, the vessel will be built at HJ Shipbuilding and Construction, formerly known as Hanjin Heavy Industries & Construction, with delivery expected in May 2023, Ocean Yield said in a regulatory filing.

No price tag has been revealed for the vessel designed to be converted to dual-fuel operation with methanol as fuel. 

The vessel has been fixed to Israeli carrier ZIM for seven years, with the deal expected to add around $80m to Ocean Yield’s EBITDA backlog.

As previously reported, ZIM agreed to a charter transaction with a group of investors initiated by MPC Capital, taking six 5,500 teu HJ Shipbuilding newbuilds for seven years. VesselsValue data shows that the unit set to deliver in May next year came with a purchase price of $65m.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.


  1. Is this vessel to be exclusively Methanol powered, or dual-fueled?
    How many bunkering facilities along her intended trade route have Methanol infrastructure?

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