Deal Snapshot
OCEAN YIELD ACQUIRES 3 DRY BULK VESSELS FOR USD 62.8M
Friday 14 February 2020

Sweden-based Ocean Yield ASA has agreed to acquire two ultramax and one kamsarmax dry bulk vessels for USD 62.8m net of pre-paid charter hire with 9, 10 and 12 years bareboat charters to Scorpio Bulkers Inc. (NYSE: SALT), the company said
Ocean Yield has committed to part finance the scrubber installation on the vessels, with an additional of 1.5m per vessel during 2020. The two ultramax vessels are built in 2015 and 2016 and the kamsarmax vessel is built in 2018.


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Details
Date Published: 14/02/2020
Target: Two ultramax and one kamsarmax dry bulk vessels
Country: Sweden
Deal Size: 62.8m (USD)
Sector: Water Transport
Type: Corporate acquisition
Financing: Cash
Status: Agreed
Vendor:
Buyer: Ocean Yield ASA
Comment:


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