Ocean Yield: Good Time to Invest in New Ships
Norwegian shipowner Ocean Yield ASA said it is financially well-positioned for new investments in vessels with long-term charter, following a sale of bonds in American Shipping Company ASA (AMSC).
Fourth Newbuilding Joins Navig8 Chemical Tankers
Navig8 Chemical Tankers, a joint venture between the Navig8 Group and Oaktree Capital Management, has taken delivery of its fourth 49,000 dwt chemical tanker from South Korean shipbuilder STX Offshore & Shipbuilding.
Newbuildings Drive Ocean Yield’s Earnings Up
The delivery of another five newbuilding vessels during the third quarter of 2016 has pushed up the revenues of Norwegian ship-owner Ocean Yield ASA to USD 76.2 million for the period from USD 65.3 million reported in the third quarter of 2015.