OCEAN Yield is buying four 2014-built 3,800-TEU container vessels with 12-year bareboat charters to companies owned and guaranteed by CMB NV
OCEAN Yield is buying four 2014-built 3,800-TEU container vessels with 12-year bareboat charters to companies owned and guaranteed by CMB NV. The ships are expected to be delivered in the third quarter. The aggregate purchase price is US$120 million net of pre-paid charter hire. CMB will have options to acquire the vessels during the charter period, with the first purchase option exercisable after five years, reported New York's Marine Link.
CMB is a maritime group founded in 1895 and based in Antwerp with activities within dry bulk and chemical tanker shipping, container vessels and aviation leasing.
Ocean Yield ASA's chief executive officer Lars Solbakken commented: 'We are pleased to increase our investments in container vessels with four modern carriers with long-term charters to CMB. The transaction further diversifies our client base and increases our charter backlog. We remain committed to continue to grow our portfolio of vessels.'
