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

Shelf Drilling Secures $200M Contract Extensions with Chevron for Thailand Ops

East Timor Eyes Chinese Partners for Stalled Greater Sunrise Gas Development

Chinese Demand Spurs Global Wind Turbine Ordering

ADNOC Signs 15-Year LNG Supply Deal with Indian Oil

ADES Buys Two Jack-Ups from Vantage Drilling in $190M Deal

Santos Pens Mid-Term LNG Supply Deal

Izomax Wins a Milestone Contract with Shell

China’s First Offshore Wind Power SOVs Delivered

Profit Decline, Reserves Downgrade Drag Beach Energy to 2.5-year Low

ADNOC Signs LNG Supply Agreement with Osaka Gas for Ruwais LNG Project

Current News

Valeura Energy Consolidates Thai Oil and Gas Assets

TotalEnergies Inks 15-Year LNG Supply Deal with China’s Sinopec

Shelf Drilling Secures $200M Contract Extensions with Chevron for Thailand Ops

Floating Wind and the Taming of Subsea Spaghetti

Impending Shortage of Jackups within Ageing Asia Pacific Fleet

Equinor Tries Again for a Japan Offshore Wind Lease

Yinson Production Concludes Minority Stake Sale in FPSO Anna Nery

Sunda Energy Pushes Back Chuditch-2 Appraisal Well Drilling Date

CNOOC Starts Production at Another Oil Field in South China Sea

ABS Takes Charge of Digital Twin Project for Petrobras’ FPSOs

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