Ocean Yield Takes Delivery of New VLCC

Laxman Pai
Tuesday, June 11, 2019

Norway-based ship owning company Ocean Yield ASA has taken delivery of the very large crude carriers (VLCC) Nissos Despotiko.

The vessel was delivered from the yard Hyundai Heavy Industries in South Korea and is the second in a series of four VLCCs that will be delivered to the Company in 2019.

Upon delivery, the vessel commenced a 15 years' bareboat charter to Okeanis Eco Tankers Corp (Okeanis Eco Tankers) with a 5 years' sub-charter to Koch Shipping Pte. Ltd.

Okeanis Eco Tankers was established in 2018 by the Alafouzos family to take over its fleet of modern tanker vessels and tanker newbuildings.

With seven tankers built 2015 to 2018 and eight VLCCs for delivery in 2019, the company will focus on eco-designed vessels fitted with scrubbers. The company is listed on the Oslo Stock Exchange under the ticker "OET".

Categories: Shipbuilding Tanker VLCC Fleet Management

Related Stories

Europe's Gas Uncertainty Help Drive Asian LNG Spot Prices Higher

INEOS Picks Up CNOOC’s US Assets in $2B Deal

Yinson and PetroVietnam JV Get FSO Contract for Vietnamese Field

Makin' a List ... Trump Prioritizes Energy Exploration, Production, Export

TotalEnergies and Oil India to Jointly Tackle Methane Emissions Issues

India Defends Propping Up Russian Oil - Prices "would have hit the roof"

Eni Strengthens LNG Ties with Japan

MCDermott Gets Pipelines and Cables Job at Qatar's Giant Gas Field

ABS Gives Its Blessing to SHI’s Ammonia FPSO Design

PTTEP Sells Its Entire Stake in Deepwater Block Offshore Mexico to Repsol

Current News

CNOOC Boosts Dongfang Gas Fields Output with New Platform Coming Online

Petronas to Retain National Authority After Sarawak Gas Deal

Yinson Production Scoops $1B Investment to Upscale FPSO Business

Petronas Greenlights Hidayah Field Development Off Indonesia

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

BP Targets 44% Oil, 89% Gas Increase from India’s Mumbai High Field

US Operator Finds Oil Offshore Vietnam

BP to Help Boost Oil and Gas Output at India’s Largest Producing Field

Europe's Gas Uncertainty Help Drive Asian LNG Spot Prices Higher

CNOOC’s South China Sea Oil Field Goes On Stream

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com