The car carriers are scheduled to be delivered from the shipyard in January and April 2016, and will be chartered on a 12-year period to Höegh.
Each of the newbuilding car carrier is priced at $68.5m, and Oslo-listed Ocean Yield has secured long term debt financing for approximately 70% of the total investment of $137m. The remaining amount will be funded by equity.
Ocean Yield's estimated ebitda contract backlog including these contracts at the end of the third quarter of 2013 will be around $1.79bn.
“By this transaction we continue to increase our contract backlog of charters to leading and reputable counterparties and thereby further strengthen our long term dividend capacity,” said Lars Solbakken, ceo of Ocean Yield.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.
