New ULCV with 15-Year Charter Joins Ocean Yield

MSC Norwegian ship owner Ocean Yield ASA has taken delivery of the Ultra Large Container Vessel (ULCV) MSC Eloane from South Koreas shipbuilder Samsung Heavy Industries. After being delivered from the shipyard today, the vessel commenced a 15-year bareboat charter with Switzerland-based Mediterranean Shipping Company for a charter rate of USD 46,250 per day, according to data provided by VesselsValue. Featuring 202,000 dwt, the vessel is capable of carrying 19,500 TEU. This is the third vessel to be delivered in a series of six mega container vessels that Ocean Yield owns in a joint venture with private shipowner Quantum Pacific Shipping, a part of Quantum Pacific Group. The company acquired a 49.5% equity interest in the newbuildings for a total of USD 162 million in June 2016. The remaining boxships, all of which are on 15-year bareboat charters to the European container line, are scheduled for delivery by February 2017.