Sale of the seismic vessel Geco Triton

18 Dec 2014
Ocean Yield ASA has agreed to sell the 1991 built seismic vessel "Geco Triton" to the charterer for USD 8.2 million. The sales price includes full payment of remaining charterhire until December 2015. The current book value of the vessel is about USD 12 million. As there is no debt on the vessel, the net cash proceeds will be equal to the sales price. For further information, please contact: Lars Solbakken, CEO of Ocean Yield ASA Phone: +47 24 13 01 90 E-mail: Eirik Eide, CFO of Ocean Yield ASA Phone: +47 24 13 01 91 E-mail: 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 quarterly dividends to its shareholders. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.