{"id":83142,"date":"2018-02-12T14:30:42","date_gmt":"2018-02-12T06:30:42","guid":{"rendered":"https:\/\/splash247.com\/?p=83142"},"modified":"2018-02-12T15:10:07","modified_gmt":"2018-02-12T07:10:07","slug":"kyklades-ocean-yield-seal-sale-leaseback-deal-four-newbuild-vlccs","status":"publish","type":"post","link":"https:\/\/splash247.com\/kyklades-ocean-yield-seal-sale-leaseback-deal-four-newbuild-vlccs\/","title":{"rendered":"Kyklades and Ocean Yield seal sale and leaseback deal for four newbuild VLCCs"},"content":{"rendered":"<p>Norway\u2019s Ocean Yield has agreed to acquire four newbuild VLCCs from Greece\u2019s Okeanis Marine Holdings, part of Kyklades Maritime Corporation.<\/p>\n<p>Ocean Yield is paying $83.75m per vessel and will bareboat charter the vessels back to Okeanis on 15-year charters. Okeanis already has one suezmax on charter from Ocean Yield.<\/p>\n<p>The vessels are currently under construction at South Korea\u2019s Hyundai Heavy Industries and scheduled for delivery in 2019, with five-year sub charters already lined up.<\/p>\n<p>Lars Solbakken, CEO of Ocean Yield, commented: \u201cWe are pleased to expand our relationship with Okeanis Marine Holdings with the investment in four modern VLCCs with long-term bareboat charters and five year sub-charters to the shipping arm of a large industrial conglomerate. The investment is done at historically low asset values and will increase our EBITDA charter backlog by about 16% to USD 3.4 billion as per today.\u201d<\/p>\n<p>Okeanis has options to acquire the vessels during the charter period, the first option coming after seven years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Norway\u2019s Ocean Yield has agreed to acquire four newbuild VLCCs from Greece\u2019s Okeanis Marine Holdings, part of Kyklades Maritime Corporation. Ocean Yield is paying $83.75m per vessel and will bareboat charter the vessels back to Okeanis on 15-year charters. Okeanis already has one suezmax on charter from Ocean Yield. The vessels are currently under construction &hellip;<\/p>\n","protected":false},"author":4,"featured_media":58866,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[70,58],"tags":[119,106],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kyklades and Ocean Yield seal sale and leaseback deal for four newbuild VLCCs - Splash247<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/splash247.com\/kyklades-ocean-yield-seal-sale-leaseback-deal-four-newbuild-vlccs\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kyklades and Ocean Yield seal sale and leaseback deal for four newbuild VLCCs - Splash247\" \/>\n<meta property=\"og:description\" content=\"Norway\u2019s Ocean Yield has agreed to acquire four newbuild VLCCs from Greece\u2019s Okeanis Marine Holdings, part of Kyklades Maritime Corporation. Ocean Yield is paying $83.75m per vessel and will bareboat charter the vessels back to Okeanis on 15-year charters. Okeanis already has one suezmax on charter from Ocean Yield. 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