Ocean Yield to purchase a 5,500-teu newbuilding containership

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July 21 2022 Print This Article

Ocean Yield AS  is pleased to announce that the Company has agreed to purchase a 5,500 TEU container vessel newbuilding under construction at HJ Shipbuilding, Korea. The  vessel will be a sister vessel to the newbuilding announced on 10 June 2022, with a design enabling it to be converted to dual fuel operation with methanol as fuel.

Delivery of the vessel is expected in May 2023. Upon delivery, the vessel will commence a seven-year timecharter contract to ZIM Integrated Shipping Services Ltd. which will add approximately USD 80 million to the Company’s EBITDA backlog.