Norway’s Ocean Yield has returned to South Korea’s HJ Shipbuilding & Construction to snap up another methanol container ship resale.
The 5,500-teu unit will be delivered in May 2023, but no price was revealed.
The vessel is likely to be one of German owner MPC Capital’s four post-panamaxes on order at the yard, another of which Ocean Yield bought in June.
VesselsValue assesses the acquired sister vessel to be worth $125m.
The ships are designed to convert to dual-fuel operation with methanol.
Israeli line Zim will charter the vessel for seven years, adding $80m to KKR-owned Ocean Yield’s Ebitda backlog.
The June deal also saw the shipowner acquire a 5,500-teu Zim-chartered wide-beam vessel at the same yard, formerly known as Hanjin Heavy Industries & Construction.
This vessel is delivering in November 2023 and will add the same $80m to the charter backlog.
Hamburg-based MPC Capital originally ordered the quartet in October last year at a reported cost of $260m combined.
The deal included two options and was HJ Shipbuilding’s first since 2014.
‘State of the art’
The German owner described the ships as having “state-of-the-art” specifications allowing for a 40% reduction in fuel consumption compared with existing vessels.
Also in June, Ocean Yield splashed out on an order for two dual-fuel gas carriers in China.
The sale-and-leaseback specialist said the 36,000-cbm liquefied ethylene gas newbuildings will be built at Jiangsu Yangzi-Mitsui Shipbuilding for delivery in 2024 and 2025.
No price has been revealed, but the ships will be chartered by New York-listed petrochemical company Braskem for 15 years on a bareboat basis.
Ocean Yield said this transaction will add $245m to its Ebitda backlog.