Search results for: yield

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  • 3 November 2017
    Business & Finance

    Although the Norwegian shipowner Ocean Yield saw a rise in its revenue for the three months ended September 30, 2017, the company’s net profit was slightly down in the period. Namely, Ocean Yield’s revenue and other income for the three-month period increased to USD 88.8 million from USD 76.2 million seen in the third quarter of 2016. […]

  • 3 November 2016
    Business & Finance

    The delivery of another five newbuilding vessels during the third quarter of 2016 has pushed up the revenues of Norwegian ship-owner Ocean Yield ASA to USD 76.2 million for the period from USD 65.3 million reported in the third quarter of 2015. During the quarter the company expanded its fleet with the container vessels MSC Diane, MSC Ingy […]

  • 16 November 2016
    Business & Finance

    Norwegian ship owner Ocean Yield ASA has taken delivery of the 19,500 TEU container vessel MSC Mirjam from South Korean shipbuilder Samsung Heavy Industries. After being delivered from the shipyard today, the vessel commenced a 15-year bareboat charter with Switzerland-based container line Mediterranean Shipping Company (MSC). Featuring 202,000 dwt, the Ultra Large Container Vessel (ULCV) was hired […]

  • 9 February 2017
    Business & Finance

    Norwegian shipowner Ocean Yield ASA has taken delivery of MSC Rifaya, a 19,500 TEU containership, from South Korean shipbuilder Samsung Heavy Industries (SHI).  Following the delivery which took place on February 9, 2017, the ultra large container vessel (ULCV) commenced a 15-year bareboat charter to Switzerland-based container shipping company Mediterranean Shipping Company (MSC). The 202,000 […]

  • 14 July 2017
    Business & Finance

    Norwegian ship owner Ocean Yield ASA has seen an improvement in its earnings for the second quarter ended June 30, 2017 on the back of an increase in its fleet. Namely, net profit after tax for the quarter was at USD 30.6 million, against USD 25.5 million reported in the same period in 2016. Net profit […]

  • 4 May 2018
    Business & Finance

    Ocean Yield’s revenues increased to USD 66.3 million in the first quarter of 2018 driven by vessel deliveries.

  • 31 August 2018
    Business & Finance

    Fresh from delivery from SHI, Nordic Cygnus started the hell and high water charter with Nordic American Tankers.

  • 27 August 2019
    Business & Finance

    The net proceeds would be used for general corporate purposes including new investments.

  • 13 July 2016
    Business & Finance

    The Oslo-listed Ocean Yield ASA has seen its total revenues for the second quarter of 2016 rise to USD 70.1 million, compared with USD 63.2 million reported in the same period a year earlier, following the delivery of three vessel on long-term charter. Namely, the company added the chemical tanker Navig8 Turquoise, the LR2 product tanker Navig8 Steadfast and the car carrier […]

  • 29 December 2017

    Ocean Yield is currently in negotiations regarding further investments in modern vessels with long term charters.

  • 29 March 2018
    Business & Finance

    Ocean Yield takes delivery of its recently purchased bulkers.

  • 9 May 2017
    Business & Finance

    Norwegian ship-owner Ocean Yield ASA has seen its net profit reach USD 36.8 million in the first quarter of 2017, compared to USD 18.6 million seen in the corresponding period in 2016. The company’s revenues for the period increased to USD 78.6 million from USD 66.1 million reported in the quarter ended March 31, 2016, positively affected […]

  • 3 October 2016
    Business & Finance

    Norwegian ship-owner Ocean Yield ASA has taken delivery of Navig8 Tourmaline, a 49,000 dwt IMO II chemical tanker, from South Korean shipbuilder STX.  After being delivered from the shipyard, the vessel commenced a 15-year “hell and high water” bareboat charter to Navig8 Chemical Tankers, entering the Chronos8 Pool. The Navig8 Tourmaline is the seventh vessel delivered in […]

  • 20 June 2017
    Business & Finance

    Ocean Yield, a Norwegian ship owning company with investments in vessels on long-term charters, has upgraded from the Pink market and qualified to trade on the OTCQX Best Market.  OTC Markets Group operates the OTCQX Best Market, the OTCQB Venture Market, and the Pink Open Market for 10,000 U.S. and global securities. Ocean Yield’s ordinary […]

  • 9 June 2017
    Business & Finance

    Norwegian ship owner Ocean Yield ASA has purchased a new Suezmax tanker with 14-year bareboat charter to a company owned and guaranteed by Okeanis Marine Holdings SA. Being bought for a consideration of USD 54 million, the 2017-built tanker will be delivered to Ocean Yield within June 2017. The vessel in question is the 157,500 dwt Poliegos, […]

  • 2 November 2018
    Business & Finance

    Ocean Yield delivered stronger net profit in the third quarter of 2018, but predicted weaker results ahead.

  • 9 August 2016
    Business & Finance

    Norwegian ship owner Ocean Yield ASA has taken delivery of a 115,000 dwt LR2 product tanker Navig8 Supreme from South Korea’s Sungdong shipyard. After being delivered from the shipyard today, the vessel commenced a 13-year “hell and high water” bareboat charter to Navig8 Product Tankers Inc. This is the final vessel delivered in a series of a total of four […]

  • 14 November 2007

    A near-intact shipwreck apparently dating from the 17th century has been found in the Baltic Sea, Swedish television has said. The discovery was made during filming for an under-water documentary series.

  • 18 February 2016
    Business & Finance

    Norwegian ship-owner Ocean Yield ASA has taken delivery of the LR2 product tanker Navig8 Symphony from South Korean shipbuilder Sungdong Shipyard. After being delivered from the shipyard today, the vessel commenced a 13 years “hell and high water” bareboat charter to Navig8 Product Tankers Inc. This is the first vessel delivered in a series of […]

  • 11 July 2016
    Business & Finance

    Japanese shipbuilder Mitsui Engineering & Shipbuilding (MES) has completed the world’s first ME-GIE ethane-operated two-stroke diesel engine, which will be installed on one of three ethylene carriers under construction for Oslo-listed ship owning company Ocean Yield ASA. The Mitsui-MAN B&W 7G50ME-C9.5-GIE is the first engine in a series of three for installation in three liquefied ethylene gas (LEG) carriers of […]

  • 29 May 2019
    Business & Finance, Infrastructure

    Norwegian oil and gas company Aker Energy has decided to extend the option period for the long-term charter of Ocean Yield’s FPSO Dhirubhai-1.

  • 17 February 2017
    Business & Finance

    Norwegian shipowner Ocean Yield ASA said it is financially well-positioned for new investments in vessels with long-term charter, following a sale of bonds in American Shipping Company ASA (AMSC).  “Several shipping segments show indications of bottoming out and orders for new vessels remain low. This, in combination with historically low vessel values, may provide opportunities […]