Ocean Yield announces investment in four 3,800TEU container vessels with long-term charters

Ocean Yield has acquired four container vessels with 12-year bareboat charters to companies owned and guaranteed by CMB.

The aggregate purchase price is approximately USD$120 million net of pre-paid charter-hire.

The vessels were built in 2014 with a capacity of 3,800 TEU each and are expected to be delivered to the company during the early part of Q3 2018.

CMB will have certain options to acquire the vessels during the charter period, with the first purchase option exercisable after five years.