Ocean Yield announces investment in two chemical tankers with long-term charters
Ocean Yield ASA has agreed to acquire two 2015 built 37,000 dwt IMO II chemical tankers with 12-year bareboat charters to companies owned and guaranteed by Ardmore Shipping Corporation. The aggregate purchase price is approximately USD 51 million net of pre-paid charter-hire, the company said in its press release.
The vessels are both built by Hyundai Mipo Dockyard in South Korea and are expected to be delivered to the Company during Q4 2018. Ardmore Shipping will have certain options to acquire the vessels during the charter period.
Ardmore Shipping is a New York Stock Exchange listed company with a fleet of 28 product- and chemical tankers ranging from 25,000 to 50,000 deadweight tonnes. The company is based in Cork, Ireland.
Ocean Yield ASA is a ship owning company with investments in vessels on long -term charters.