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Ocean Yield ASA (OCY.OL)

OCY.OL on Oslo Stock Exchange

68.25NOK
14 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Ocean Yield ASA​ reports Q3 net profit after tax of USD 31.3 mln
Thursday, 2 Nov 2017 02:53pm EDT 

Nov 2 (Reuters) - Ocean Yield ASA -:Ocean Yield ASA says ‍EBIDTA for q3 2017 was USD 80.6 million​.Qtrly ‍net profit after tax was USD 31.3 million​.  Full Article

Ocean Yield Q2 net profit after tax $30.6 mln
Thursday, 13 Jul 2017 11:38am EDT 

July 13 (Reuters) - Ocean Yield ASA ::Q2 net profit before tax was USD 34.4 million.Ocean Yield - declared a dividend of usd 0.1875 per share for Q2 2017; an increase of 0.25 cents per share compared with previous quarter.Ocean Yield - Q2 net profit before tax was USD 34.4 million and net profit after tax was USD 30.6 million (Reuters poll $31.1 million).  Full Article

Ocean Yield announces investment in 2 vessels with long term charters to Aker BP ASA
Tuesday, 13 Jun 2017 03:07am EDT 

June 13 (Reuters) - OCEAN YIELD ASA ::ANNOUNCES INVESTMENT IN 2 VESSELS WITH LONG TERM CHARTERS TO AKER BP ASA.HAS AGREED TO ACQUIRE TWO PLATFORM SUPPLY VESSELS ("PSVS") FROM BP SHIPPING FOR A TOTAL CONSIDERATION OF USD 105.4 MILLION.BOTH VESSELS ARE ON LONG TERM CHARTERS TO AKER BP ASA ("AKER BP").VESSELS ARE EXPECTED TO BE DELIVERED TO A FULLY OWNED SUBSIDIARY OF OCEAN YIELD IN JUNE 2017.BAREBOAT CHARTER RATES ARE USD 17,253 PER DAY PER VESSEL, WHICH GIVES A CONTRIBUTION TO ANNUAL EBITDA OF USD 12.6 MILLION..  Full Article

Ocean Yield: Lewek Connector's extension of charter contract
Friday, 19 May 2017 02:00am EDT 

May 19 (Reuters) - OCEAN YIELD ASA :LEWEK CONNECTOR: EXTENSION OF CHARTER CONTRACT.CONNECTOR 1 AS (A WHOLLY OWNED SUBSIDIARY OF OCEAN YIELD) HAS NOW ENTERED INTO A CONTRACT FOR EXTENSION OF CHARTER FOR A FIRM PERIOD OF 3 MONTHS'.EXTENDED CHARTER PERIOD COMMENCES ON 1 JUNE 2017.  Full Article

Ocean Yield Q1 EBITDA $71.2 million
Tuesday, 9 May 2017 01:27am EDT 

May 9(Reuters) - OCEAN YIELD ASA ::Q1 REVENUE $78.6 MLN(REUTERS POLL $77.3 MLN).Q1 EBITDA $71.2 MLN(REUTERS POLL $69.8 MLN).Q1 EBITDA CHARTER BACKLOG $2.8 BLN VS $2.6 BLN LAST YR.AT THE END OF Q1 2017, OCEAN YIELD WILL HAVE 33 VESSELS DELIVERED AND ONE NEWBUILDING GAS VESSEL FOR DELIVERY IN JUNE/JULY 2017. .  Full Article

Aker-CEO buys 200,000 shares in Ocean Yield
Thursday, 2 Mar 2017 12:17pm EST 

Ocean Yield Asa : Erøy AS, a company controlled by Øyvind Eriksen, President and CEO of Aker ASA, the majority shareholder of Ocean Yield ASA has today acquired 200,000 shares in the Company at a purchase price of NOK 61.3534 per share. . Following this transaction, Erøy AS holds 200,000 shares in the Company, constituting 0.13% of the Company's shares and votes. . Laffen Holding AS, a company controlled by Olav Revhaug, general manager of TRG AS, Aker ASA's majority shareholder, has today acquired 100,000 shares in the Company at a purchase price of NOK 61.3534 per share. . Following this transaction, Laffen Holding AS holds 200,000 shares in the Company, constituting 0.13% of the Company's shares and votes. .  Full Article

Ocean Yield Q4 EBITDA $74.4 million, below consensus
Friday, 17 Feb 2017 01:25am EST 

Ocean Yield ASA : Q4 revenue $82.0 million (Reuters poll: $83.1 million) . Q4 EBITDA $74.4 million (Reuters poll: $75.4 million) . Has declared dividend of $0.1825 per share for Q4 2016, an increase of 0.50 cents per share compared with the previous quarter .Says following refinancing of bonds in American Shipping Company ASA, Ocean Yield has solid cash position and hence, is well positioned to consider new investments in vessels with long-term charter.  Full Article

Ocean Yield: Lewek Connector short-term charter contract
Thursday, 16 Feb 2017 05:42am EST 

Ocean Yield ASA :Connector 1 entered into a contract for Lewek Connector to a related company of Ezra for a period of four months at a rate of $40,000 per day..  Full Article

Ocean Yield: successful placement of bond issue by American Shipping
Thursday, 9 Feb 2017 02:05am EST 

Ocean Yield ASA : American Shipping successfully completed new senior unsecured bond issue of $220 million with maturity in Feb. 2022 .Has been allocated $50 million in new bond issue.  Full Article

Ocean Yield updates on gas carriers under construction at Sinopacific
Friday, 14 Oct 2016 10:51am EDT 

Ocean Yield ASA : Updates on gas carriers under construction at Sinopacific . Construction of vessel no. 1 is going according to plan and vessel is expected to be delivered towards end of October 2016 . Vessel no. 1 will thereafter enter into its long term charter with Hartmann/Sabic . For vessel no. 2, Sumec Marine Co. Ltd., will finance and finalise construction of vessel at Dayang Shipyard . Expected delivery date for vessel no. 2 will be July 1, 2017 . For vessel no. 3 it has been agreed, in collaboration with Hartmann/Sabic, that this vessel is cancelled . $16.2 million paid in pre-delivery instalments to shipyard for vessel no. 3 shall be repaid with 5 pct interest upon cancellation of shipbuilding contract .Says cancellation is not expected to have any material accounting effect in Q4.  Full Article