Investment in vessel with long-term charter

04 Nov 2022 13:54 CET

Ocean Yield AS ("Ocean Yield" or the "Company") is pleased to announce that the
Company has agreed to purchase a 5,500 TEU newbuilding container vessel under
construction at HJ Shipbuilding, Korea. The vessel will be a sister vessel to
the two newbuildings announced on 10 June 2022 and 18 July 2022, with a design
enabling it to be converted to dual fuel operation with methanol as fuel.

Delivery of the vessel is expected in Q3 2023. Upon delivery, the vessel will
commence a seven-year timecharter contract to ZIM Integrated Shipping Services
Ltd. which will add approximately USD 80 million to the Company's EBITDA
backlog.

Company contacts:

Andreas Røde (CEO), Tel +47 24 13 42 45

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations),         Tel
+47 951 32 335

Company information:

Ocean Yield AS 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.

More information:
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