Ocean Yield has revealed new vessel sales as it posted a smaller profit for the third quarter.
The KKR-owned Norwegian sale-and-leaseback specialist logged net earnings of $18.5m, against $27.7m the year before.
Revenue shrank to $54.5m from $61.8m in 2022.
Ebitda was $79m, while cash stood at $133.8m.
Seven new ships have been acquired since the third quarter began, but vessels are also leaving the fleet.
Ocean Yield said a purchase option has been declared by Navig8 Group for the 111,000-dwt LR2 Navig8 Prestige JKB (built 2019).
This ship is held by a 50/50 joint venture with Norwegian tycoon Kjell Inge Rokke, a former shareholder of Ocean Yield.
The venture paid $33m for the tanker from Minsheng Financial Leasing in China in 2019.
VesselsValue assesses it as worth $67.5m now, but the option price is not known.
Rokke took a stake in seven tankers with Ocean Yield: four chartered to Navig8 and three to Nordic American Tankers.
The Navig8 Prestige JKB was on charter until January 2029.
Suezmax option declared
Okeanis Eco Tankers of Greece is also buying back the 158,000-dwt suezmax Poliegos (built 2017).
VesselsValue rates the tanker as worth $71.8m. Ocean Yield paid $54m for it in 2017, with a charter to Okeanis.
Ocean Yield’s Ebitda backlog is $4.1bn.
Of this total, 24% involves bulkers, and 23% each for crude tankers and container ships.
A quarter of the backlog involves Belgian shipowner Compagnie Maritime Belge.
