Historical timeline

May 2018

Successful placement of NOK 750 million in senior unsecured bonds with maturity in 2023 and coupon of 3M NIBOR + 3.65% p.a.

February 2018

Successful private placement of NOK 759 million of new common equity.

February 2018

Investment in five handysize dry bulk vessels with 10-year bareboat charters to Interlink Maritime.

February 2018

Investment in two handysize dry bulk vessels with 12-year bareboat charters to Louis Dreyfus Armateurs Group.

February 2018

Investment in four VLCC crude tankers with 15-year bareboat charters to Okeanis Marine Holdings. All four vessels are sub-chartered to the shipping arm of a large industrial conglomerate for a period of 5 years.

December 2017

Investment in three Suezmax crude tankers with 10 year bareboat charters to Nordic American Tankers Ltd.

June 2017

The company's ordinary shares approved to trade on the OTCQX Best Market in the United States under the symbol "OYIEF".

June 2017

Acquisition of two Platform Supply Vessels ("PSVs") from BP Shipping with long term charters to Aker BP ASA.

June 2016

Acquisition of a new Suezmax crude tanker with 14 years charter to Okeanis Marine Holdings SA.

May 2017

Scorpio Tankers announced merger with our counterparty Navig8 Product Tankers.

February 2017

Served termination of notice related to the bareboat charter to EMAS Chiyoda Subsea Group and subsequently entered into a short term charter contract to a related company.

February 2017

Successful placement of new unsecured bond issue by American Shipping Company ASA.

February 2017

Agreement on a fully funded restructuring plan for Farstad Shipping.

October 2016

Amended terms on gas carriers under construction at Sinopacific. The expected delivery date on Vessel 2 will be July 2017. For Vessel 3, it has been agreed to cancel the vessel with pre-delivery instalments refunded in Q4'16.

September 2016

Acquisition of two 45,000 dwt IMOII chemical tankers with 12 years charters to Navig8 Ltd. ("Navig8 Group").

September 2016

Successful placement of NOK 750 million in senior unsecured bonds with maturity in 2021 and coupon of NIBOR + 4.50% p.a.

August 2016

Successful private placement of NOK 862 million of new common equity.

July 2016

Completion of modification of Aker Wayfarer at the Kleven Myklebust yard.

June 2016

Acquisition of a 49.5% equity interest in six newbuilding container vessels with capacity of 19,500 TEU which are owned by Quantum Pacific Shipping and are on 15-year bareboat charters to a major European container line.

July 2015

Acquisition of four newbuilding LR2 product tankers with 13 years charters to Navig8 Product Tankers Inc.

April 2015

Successful placement of NOK 1000 million in senior unsecured bonds with maturity in 2020 and coupon of NIBOR + 4.00% p.a. 

March 2015

Acquisition of eight chemical tankers with 15 years charter to Navig8 Chemical Tankers Inc.

December 2014

Successful closing of a new bank facility of up to USD 50.5 million related to the FPSO Dhirubhai-1.

December 2014

Announced the sale of the seismic vessel “Geco Triton” to Western Geco.

December 2014

Announced investment in Diving Support and Offshore Contruction vessel with long term charter to SBM Offshore.

September 2014

Announced extension of the bareboat charter for “Aker Wayfarer” until 2027 in combination with a USD 90 million modification investment in the vessel.

July 2014

Successful placement of NOK 400 million in senior unsecured bonds with maturity in 2019. The bonds were placed with an implicit pricing of NIBOR + 3.65% p.a. The remaining bonds with maturity in 2017 were called and cancelled.

May 2014

Announced investment in three newbuilding gas carriers of 36,000 cbm with long term charters and investment in two 2010 built car carriers with long-term charters to Höegh Autoliners.

March 2014

Successful placement of NOK 600 million in senior unsecured bonds with maturity in 2019. Coupon of NIBOR + 3.90% p.a. NOK 432 million of outstanding bonds maturing in 2017 were bought back and cancelled.

December 2013

Announced recapitalisation of American Shipping Company including amendments to the bond agreement.

November 2013

Initiating quarterly dividends to its shareholders.

September 2013

Announcement of investment in two newbuilding PCTC vessels of 8,500 CEU capacity with 12-year bareboat charters to Höegh Autoliners, scheduled for delivery in 2016.

July 2013

Successful closing of Initial Public Offering and listing of the Company on the Oslo Stock Exchange, with net proceeds of USD 145 million. New Board of Directors in place from the time of listing.

March 2013

Announcement of investment in two new Anchor handling tug supply vessels (AHTS) with 12 year charters to Farstad Supply AS, with delivery in March and June 2013.

October 2012

Announcement of the acquisition of the offshore construction and cable lay vessel Lewek Connector with 10-year bareboat charter to the Ezra Group.

September 2012

Announcement of investment in two newbuilding PCTC vessels of 6,500 CEU capacity with 12-year bareboat charters to Höegh Autoliners, with delivery in April and September 2014.

July 2012

Successful placement of NOK 600 million in senior unsecured bonds with maturity in 2017. Coupon of NIBOR + 6.50% p.a.

March 2012

Establishment of Ocean Yield based on oil-service assets with long term-charters previously owned by Aker ASA. Management and Board of Directors were recruited.