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STOCKHOLM, June 10, 2020 /PRNewswire/ -- With reference to the press release dated 25th December 2019, where Navig8 Chemical Tankers Inc. declared the five-year purchase option on the chemical tanker "Navig8 Aquamarine", the transaction was successfully completed today. Following repayment of the bank debt on the vessel, the transaction will give net cash proceeds of about USD 9.7 million for Ocean Yield. The transaction is not expected to have any impact on the net results for Q2 2020.
Navig8 Chemical Tankers Inc. has also exercised the five-year option for the vessel "Navig8 Amessi" and that vessel is expected to be delivered towards the end of July.
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CONTACT:
Company contact:
Eirik Eide (CFO), Tel +47-24- 13-01-91
Investor Relations contact:
Marius Magelie (SVP Finance & Investor Relations), Tel +47-24- 13-01-82
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/ocean-yield/r/completion-of-vessel-sale,c3128556
SOURCE Ocean Yield
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.