Extension of Standstill agreement with Solstad Offshore for the vessels Far Senator and Far Statesman

31 Oct 2019
With reference to Ocean Yield ASA’s (“Ocean Yield”) press release on 20 December 2018 and on 20 June 2019, fully owned subsidiaries of Ocean Yield has today agreed to extend the standstill period with certain subsidiaries of Solstad Offshore ASA for the vessels Far Senator and Far Statesman up to and including 31 March 2020.Company contact:Eirik Eide (CFO), Tel +47 24 13 01 91Investor 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.