Ocean Yield Takes Delivery of Scorpio’s Ultramax Pair

  • Business & Finance

Norway-based ship owning company Ocean Yield ASA has taken delivery of two 2017-built Ultramax dry bulk vessels.

The 63,700 dwt ships in question are the 63,700 SBI Libra and SBI Virgo.

They were bought from Scorpio Bulkers for USD 42 million last month.

Upon delivery, the vessels commenced 11-year bareboat charters to Scorpio Bulkers.

Ocean Yield has further committed to part finance the installation of scrubbers on both vessels, which is expected in early 2020.

With a fleet of around 60 vessels, Ocean Yield focuses on modern assets with long-term charters.

Scorpio Bulkers currently owns and operates a fleet of 57 dry bulk vessels, specifically Ultramax and Kamsarmax vessels.

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