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.