Norway, March 14 -- Ocean Yield AS is pleased to announce that it has agreed to acquire two 2016-built Suezmax tankers with 8-year bareboat charters to Nordic American Tankers Ltd. ("NAT"), with purchase obligations at the end of the charter periods. The vessels are expected to be delivered to Ocean Yield during the second quarter. NAT is a leading crude tanker company listed on the New York Stock Exchange with a fleet of 21 Suezmax tankers.The transaction will add approximately USD 90 million to the Company's EBITDA backlog.
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