Ocean Yield AS (Ocean Yield) announced on Friday (Jun10) that the Company has agreed to purchase a 5,500 TEU container vessel newbuilding under construction at HJ Shipbuilding, Korea.
The vessel is built with a design enabling it to be converted to dual fuel operation with methanol as fuel.
Delivery of the vessel is expected in November 2023. Upon delivery, the vessel will commence a seven-year timecharter contract to ZIM Integrated Shipping Services Ltd. which will add approximately USD 80 million to the Company’s EBITDA backlog.
Source: Ocean Yield