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10.06.2019 kl 09:23 1468

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Delivery of VLCC newbuilding with 15-year charter
Ocean Yield ASA ("the Company") is pleased to announce that it has taken
delivery of the VLCC "Nissos Despotiko" today. 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"
Redigert 10.06.2019 kl 09:24

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