Historical timeline

March 2024

Issue of OCY10, USD 75 million perpetual callable hybrid bond.

November 2023

Investment in two suezmax tanker, with 14-year bareboat charter to Euronav NV.

October 2023

Investment in one suezmax tanker, with 8-year bareboat charter to Nordic American Tankers Ltd.

September 2023

Issue of OCY09, NOK 750 million unsecured bond.

August 2023

Investment in four product tankers with inaugural sustainability-linked lease, for 15-years with Braskem.


March 2023

New 5-year bareboat charter for two AHTS vessels, with obligation to purchase the vessels at the end of the charter term, if requested by Ocean Yield.

March 2023

Issue of OCY08, NOK 750 million unsecured bond.

February 2023

Settlement of OCY05, NOK 750 million unsecured bond.

December 2022

Investment in up to ten newcastlemax dry bulk newbuildings, with 15-year bareboat charter to CMB.

November 2022

Investment in one newbuild 5,500 TEU container vessel with 7 year time-charter to ZIM Integrated Shipping Services Ltd.

July 2022

Investment in one newbuild 5,500 TEU container vessel with 7 year time-charter to ZIM Integrated Shipping Services Ltd.

June 2022

Investment in two 36,000 cbm liquified ethylene gas carrier (LEG) newbuildings with 15-year bareboat charter to guaranteed subsidiary of Braskem S.A.

June 2022

Investment in one newbuild 5,500 TEU container vessel with 7 year time-charter to ZIM Integrated Shipping Services Ltd.

February 2022

CEO transition and organizational changes, with Andreas Røde being appointed CEO of the Company.

December 2021

Investment in two modern LR2 product tankers with 10-year bareboat charters to Scorpio Tankers Inc.

December 2021

Octopus Bidco AS ("KKR") announced the completion of the voluntary offer for all shares in Ocean Yield.

November 2021

Aker Energy exercised an option to purchase the FPSO Dhirubhai-1.

October 2021

Acquisition of six eco-VLCCs with 10-year bareboat charters to International Seaways for a total net purchase price of USD 375 million.

October 2021

Sale of the LR2 tankers Navig8 Pride and Navig8 Providence after Navig8 Ltd declared sales options in the charter contracts.

September 2021

Recommended voluntary cash offer by funds advised by KKR to acquire all shares of Ocean Yield at NOK 41.00 per share.

July 2021

Acquisition of 49.9% interest in one dual-fuel container vessel with 18-year charter to a major European container liner.

June 2021

Acquisition of Aker's 50% stake in three suezmax tankers currently owned 50/50 by Aker and Ocean Yield. After closing of the transaction, Ocean Yield will own 100% of the vessels, which have long-term charters to Nordic American Tankers Ltd.

January 2021

Sale of "Navig8 Topaz" after declaration of purchase option by Navig8 Chemical Tankers.

January 2021

Sale of the dry bulk vessels "SBI Lynx", "SBI Libra" and "SBI Virgo" after Scorpio Bulkers declared sales options in the charter contract.

December 2020

Sale of handysize dry bulk vessel "La Loirais" after Louis Dreyfus Armateurs declared an option to sell the vessel to a third party.

November 2020

Sale of the offshore construction & cable-lay vessel Connector.

October 2020

Acquisition of two suezmax newbuilding tankers with 10-year bareboat charters to Nordic American Tankers.

August 2020

Sale of the diving support & construction vessel "SBM Installer".

July 2020

Sale of the chemical tanker Navig8 Amessi after Navig8 Chemical Tankers declared the purchase option.

July 2020

The car carrier Höegh Xiamen declared a constructive total loss after a fire that broke out onboard the vessel in early June in Jacksonville, USA.

June 2020

Sale of the chemical tanker Navig8 Aquamarine after Navig8 Chemical Tankers declared the purchase option.

June 2020

Agreement with Aker Capital whereby Aker will acquire from Ocean Yield 50% of 7 tankers with long-term charters. The JV will own four LR2 product tankers with long-term charter to the Navig8 Group and three suezmax tankers with long-term charter to Nordic American Tankers Ltd.

February 2020

Acquisition of two ultramax and one kamsarmax dry bulk vessels for a total consideration of USD 62.8 million net of pre-paid charter hire with 9, 10 and 12 years bareboat charters to Scorpio Bulkers.

November 2019

Successful placement of NOK 750 million in senior unsecured bonds (OCY07) with maturity in 2024 and coupon of 3M NIBOR + 4.25% p.a.

November 2019

Successful private placement of NOK 717 million of new common equity.

November 2019

Acquisition of four modern scrubber-fitted LR2 product tankers with long-term charter to Navig8 Group from a major Chinese leasing company. The net purchase price is about USD 132 million in total.

October 2019

Acquisition of two newcastlemax dry bulk newbuildings with 13-year bareboat charter to 2020 Bulkers. The total purchase price was USD 82 million net of pre-paid charter hire.

October 2019

Acquisition of one ethylene gas carrier with 13-year bareboat charter to Navigator Gas. The purchase price was USD 69.75 million net of pre-paid charter hire.

August 2019

Successful placement of USD 125 million in new perpetual hybrid bond, carrying a coupon of LIBOR + 6.50% p.a.

August 2019

Acquisition of one handysize dry bulk newbuilding with 10-year bareboat charter to Interlink Maritime. The purchase price was USD 18 million net of pre-paid charter hire.

June 2019

Acquisition of one 206,000 dwt newcastlemax dry bulk newbuilding for a total consideration of USD 40 million net of a seller's credit with 15 -year bareboat charter to CMB.

April 2019

Acquisition of two modern Ultramax dry bulk vessels with 11-year bareboat charters to Scorpio Bulkers. The net purchase price is USD 42.0 million after seller's credits in addition to scrubbers in early 2020.

February 2019

Option agreement with Aker Energy, where Aker Energy has an option to bareboat charter the FPSO Dhirubhai-1 for a period of 15 years. If the option is exercised, the FPSO is intended to be used ­­­­for an early-production project offshore Ghana.

January 2019

Acquisition of a modern Suezmax tanker with 13-year bareboat charter to Okeanis Eco Tankers. The net purchase price is USD 49.0 million after a seller's credit.

October 2018

Investment in two 2015 built 37,000 dwt IMO II chemical tankers with 12-year bareboat charters to Ardmore Shipping Corporation. The aggregate purchase price is approximately USD 51 million net of pre-paid charter-hire.

September 2018

After 10-years of production, the contract for the FPSO Dhirubhai-1 on the MA-field in India expired and the FPSO ceased production.

June 2018

Investment in four 2014 built 3,800 TEU container vessels with 12-year bareboat charters to CMB. The aggregate purchase price is approximately USD 120 million net of pre-paid charter-hire.

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 2017

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.

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.