Delivery of Suezmax crude tanker with long term charter

30 Jun 2017

Ocean Yield ASA ("Ocean Yield") is pleased to announce the delivery of the suezmax crude tanker "Poliegos" today. Upon delivery the vessel commenced a 14 years' bareboat charter to a company owned and guaranteed by Okeanis Marine Holdings SA. Okeanis Marine Holdings SA is the ship-owning holding company of the Alafouzos family, which has 50+ years of history in shipping with long-term relations with a number of oil majors. The management company of the group is known under the name Kyklades Maritime Corp. Ocean Yield has taken delivery of six vessels this year, bringing the total fleet to 37 vessels. Company contacts: Lars Solbakken (CEO), Tel +47 24 13 01 90 Eirik Eide (CFO), Tel +47 24 13 01 91 Investor Relations contact: Marius Magelie (SVP Finance & IR), Tel +47 24 13 01 82 Company information: Ocean Yield ASA is a ship owning company with investments in vessels on long -term charters. The company has a significant contract backlog that offers visibility with respect to future earnings and dividend capacity. Ocean Yield ASA has an ambition to pay attractive quarterly dividends to its shareholders.