Delivery of Vessel

30 Apr 2014
Ocean Yield has today taken delivery of the newbuilding PCTC vessel "Höegh Jacksonville" from Daewoo-Mangalia Heavy Industries, Romania. The vessel, which has a capacity of 6 500 cars, was delivered on time and on budget and has from delivery entered into its 12-year bareboat charter to Höegh Autoliners.For further information, please contact: Lars Solbakken, CEO of Ocean Yield ASAPhone: +47 24 13 01 90E-mail: lars.solbakken@oceanyield.noEirik Eide, CFO of Ocean Yield ASAPhone: +47 24 13 01 91E-mail: eirik.eide@oceanyield.noAbout Höegh Autoliners:Höegh Autoliners is a global leader in deep sea Ro/Ro transportation services. The company operates about 60 Pure Car and Truck Carriers (PCTCs) in global trade systems, making around 3500 port calls and carrying about 2 million car equivalent units per year. Oslo headquartered Höegh Autoliners is managed from a global network of around 20 offices, owner's representatives and agents. The Company has approximately 400 employees ashore and 900 seafarers.About Ocean Yield:Ocean Yield is a ship owning company with investments within oil-service and industrial shipping. The company focuses on modern assets with long-term charters to solid counterparties. 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 and growing dividends to its shareholders. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.