Delivery of Newcastlemax Dry Bulk Newbuilding With Long-term Charter: Ocean Yield

STOCKHOLM, Nov. 6, 2019 /PRNewswire/ -- Ocean Yield ASA is pleased to announce the delivery of the newcastlemax dry bulk vessel "Bulk Shanghai" from the yard today.

Upon delivery the vessel commenced a 13 years' bareboat charter to a company owned and guaranteed by 2020 Bulkers Ltd. ("2020 Bulkers"). 2020 Bulkers has also entered into a time charter agreement for Bulk Shanghai with a 100% owned subsidiary of Glencore.

Company contact:
Eirik Eide (CFO),
Tel +47-24-13-01-91

Investor Relations contact:
Marius Magelie (SVP Finance & IR)
Tel +47-24-13-01-82

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https://news.cision.com/ocean-yield/r/delivery-of-newcastlemax-dry-bulk-newbuilding-with-long-term-charter,c2955107

SOURCE Ocean Yield