Ocean Yield takes full ownership of suezmax trio

Norwegian owner Ocean Yield has agreed with Kjell Inge Røkke’s Aker Capital to buy the remaining 50% of three suezmax tankers, which are owned 50/50 between the two companies.

After the transaction, Ocean Yield will own 100% of the vessels, which are now on long-term charter to Nordic American Tankers.

The total book value of the three vessels in the second quarter of 2021 will be around $107m, and Ocean Yield will pay $5.9m to Aker Capital in the transaction that is expected to be completed in early July.

Ocean Yield also announced that Okeanis Eco Tankers has triggered an option to sell the VLCCs Nissos Santorini and Nissos Antiparos, resulting in net proceeds of $30m after repayment of the outstanding debt. The company will use net proceeds to reinvest in new vessels and long-term charters.

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.
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