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Acquisition of a gas carrier with long-term charter

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Ocean Yield ASA (“Ocean Yield” or the “Company”) is pleased to announce that the Company has agreed to acquire an ethylene gas carrier for a total consideration of USD 69.75 million net of a seller’s credit, with 13-year bareboat charter to a company 100% owned and guaranteed by Navigator Holdings Ltd. (“Navigator Gas”).

The vessel is expected to be delivered to the Company during October 2019. Navigator Gas has certain options to acquire the vessel during the charter period. The transaction is subject to final documentation.

The vessel, Navigator Aurora, is a 37,300 cbm ethylene gas

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Source: Acquisition of a gas carrier with long-term charter

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