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Ocean Yield buys six container ships

Ocean YieldOcean Yield buys six container ships.Photo: Ocean Yield

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Ocean Yield has bought one, 49.5 percent share of six container ships for 1.3 billion kroner. The investment is the company’s largest.

‘Ocean Yield’s total equity investment in the six container ships will be around 162 million dollars. This is our largest investment ever ’, says finance director in Ocean Yield -Eirik Eide to Finansavisen.

The ships are being built by the Korean shipyard, Samsung Heavy Industries, and will be delivered in the period of June 2016 to February 2017.

Eide believes the timing is good because the container market is approaching the bottom.

 

Source: NTN scanpix / Norway Today

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