Ocean Yield acquires Suezmax tanker newbuildings with long-term charters

Samsung Heavy Industries' shipyard in Geoje, South Gyeongsang Province (Photo: Samsung Heavy Industries)

Ocean Yield has agreed to acquire two Suezmax newbuilding tankers with 10-year bareboat charters to Bermuda-registered Nordic American Tankers (NAT).

The vessels are scheduled for delivery by Samsung Heavy Industries during the first half of 2022.

NAT will have certain options to acquire or to sell the vessels during the charter period.

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