Kjell Inge Rokke’s Ocean Yield and Saverys family company CMB have struck a sale and leaseback deal for a newcastlemax newbuilding.
It marks the second transaction between the two firms following a containership move last summer and confirms claims from Ocean Yield it would not be constrained by uncertainty around employment of its FPSO.
The pact takes the Norwegian company into the newcastlemax arena for the first time, having previously moved into dry with handysize and ultramax tonnage.
Oslo-listed Ocean Yield is paying $40m for the newbuilding, which will be chartered back to CMB on a 15-year bareboat contract.
The deal was arranged by Arctic Securities of Norway, which also handled the containership transaction between the two firms.
Today’s deal takes the Ocean Yield fleet to 61 vessels, up from just three when it went public in Oslo back in 2013.
It now has a 10-ship presence in the dry cargo space, which also spans two ultramaxes and seven handies for owners including Louis Dreyfus, Interlink Maritime and Scorpio Bulkers.
Ocean Yield is active across the container, car carrier, offshore, tanker and gas markets.
