Guangzhou: Norwegian shipowner Ocean Yield announced yesterday that it has entered into newbuilding contracts for two Pure Car Truck Carriers (PCTC) of 8,500 car capacity with Xiamen Shipbuilding Industry.
The vessels will be delivered in January and April 2016, and will be chartered to Hoegh Autoliners on 12-year bareboat charter contracts.
Ocean Yield said it has secured long-term debt financing for approximately 70% of the investment. The remaining amount will be funded by equity. [17/09/13]
