Delivery of container vessel with 15 years charter

22 Mar 2017

Ocean Yield ASA is pleased to announce the delivery of the 19,500 TEU container vessel "MSC Leanne" from Samsung Heavy Industries, Korea. After being delivered from the shipyard today, the vessel commenced a 15 years bareboat charter to a major European container line. This is the last vessel in a series of six mega container vessels that Ocean Yield owns in a joint venture with Quantum Pacific Shipping. Company contacts: Lars Solbakken, CEO of Ocean Yield ASA Phone: +47 24 13 01 90 Eirik Eide, CFO of Ocean Yield ASA Phone: +47 24 13 01 91 Investor Relations contact: Marius Magelie, SVP Finance & IR Phone: +47 24 13 01 82 Ocean Yield 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 has an ambition to pay attractive quarterly dividends to its shareholders.