Tuesday, 12 December 2017 | 23:26
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Ezra extends Lewek Connector contract

Saturday, 20 May 2017 | 00:00

Reference is made to the stock exchange release from Ocean Yield ASA (“Ocean Yield”) dated 16 February 2017, regarding a 4 months’ bareboat charter contract for the Lewek Connector to a related company of Ezra Holdings Ltd. at a rate of USD 40,000 per day (the “Charter”).

Connector 1 AS (a wholly owned subsidiary of Ocean Yield) has now entered into a contract for extension of the Charter for a firm period of 3 months’, plus further extensions in charterers option for a period of up to 2 months, at a rate of USD 40,000 per day. The extended Charter period commences on 1 June 2017.

Ocean Yield ASA is a ship owning company with investments in vessels on long-term charters. The company has a significant contract backlog that offers visibility with respect to future earnings and dividend capacity. Ocean Yield ASA has an ambition to pay attractive quarterly dividends to its shareholders.
Source: Ocean Yield ASA

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