Ocean Yield Takes Delivery of New Ship

Norway-based ship owning company Ocean Yield ASA announced that it has taken delivery of the very large crude carrier (VLCC)  "Nissos Rhenia".

The tanker was delivered from the yard Hyundai Heavy Industries in South Korea and is the first in a series of four VLCCs that will be delivered to the company in 2019.

Upon delivery, the vessel commenced a 15 years' bareboat charter to Okeanis Eco Tankers Corp with a 5 years' sub-charter to Koch Shipping Pte. Ltd.

Okeanis Eco Tankers was established in 2018 by the Alafouzos family to take over its fleet of modern tanker vessels and tanker newbuildings.

With seven tankers built 2015 to 2018 and eight VLCCs for delivery in 2019, the company will focus on eco-designed vessels fitted with scrubbers. The company is listed on the Oslo Stock Exchange under the ticker "OET".

Ocean Yield ASA provides investments in vessels with the oil-service and industrial shipping industry. The Company charters all vessels out on long term contracts.