STOCKHOLM, Oct. 30, 2019 /PRNewswire/ -- Ocean Yield ASA is pleased to announce the delivery of the newcastlemax dry bulk vessel "Bulk Seoul" from the yard today.

Upon delivery the vessel commenced a 13 years' bareboat charter to a company owned and guaranteed by 2020 Bulkers Ltd. ("2020 Bulkers").

Including this vessel, 2020 Bulkers has three vessels in operation and five newcastlemax dry bulk vessels under construction at New Times Shipyard in China. All vessels are expected to be delivered by May 2020 and will be fitted with exhaust scrubber systems. The company is listed on Oslo Axess with ticker "2020".

Company contact:
Eirik Eide (CFO), Tel +47-24-13-01-91

Investor Relations contact:
Marius Magelie (SVP Finance & IR), Tel +47-24-13-01-82

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https://news.cision.com/ocean-yield/r/delivery-of-newcastlemax-dry-bulk-newbuilding-with-long-term-charter,c2949563

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SOURCE Ocean Yield