Ocean Yield AS (Ocean Yield) announced on Monday (Jul18) that the Company has agreed to purchase a 5,500 TEU container vessel newbuilding under construction at HJ Shipbuilding, Korea. 

Ocean Yield Announces Investment in Vessel With Long-term Charter

The vessel will be a sister vessel to the newbuilding announced on 10 June 2022, with a design enabling it to be converted to dual fuel operation with methanol as fuel.

Delivery of the vessel is expected in May 2023. Upon delivery, the vessel will commence a seven-year time charter contract to ZIM Integrated Shipping Services Ltd. which will add approximately USD 80 million to the Company’s EBITDA backlog.

Source: Ocean Yield