{"id":34382,"date":"2023-08-01T22:09:23","date_gmt":"2023-08-01T19:09:23","guid":{"rendered":"https:\/\/www.al-sindbad.net\/ocean-yield-debuts-sustainability-linked-lease-with-four-lr1-newbuilds-for-braskem\/34382\/"},"modified":"2023-08-01T22:09:23","modified_gmt":"2023-08-01T19:09:23","slug":"ocean-yield-debuts-sustainability-linked-lease-with-four-lr1-newbuilds-for-braskem","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/ocean-yield-debuts-sustainability-linked-lease-with-four-lr1-newbuilds-for-braskem\/34382\/","title":{"rendered":"Ocean Yield debuts sustainability-linked lease with four LR1 newbuilds for Braskem"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>Norwegian owner and sale and leaseback player Ocean Yield has struck a deal with New York-listed petrochemicals firm Braskem to buy a quartet of LR1 product carrier newbuildings backed by 15-year bareboat charters with a dayrate linked to vessel\u2019s carbon emissions.<\/p>\n<p>\u201cTo the company\u2019s knowledge, this is the first sustainability-linked transaction in the maritime leasing market,\u201d the KKR-owned Ocean Yield said.<\/p>\n<p>No price has been revealed for the ships that will be built at Guangzhou Shipyard International (GSI) in China and delivered in 2026 and 2027 with dual-fuel methanol options.<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>Andreas R\u00f8de, chief executive of Ocean Yield, said: \u201cSince Ocean Yield was established in 2012, sustainability and responsibility have been integrated parts of our core strategy as we seek to be a facilitator for the decarbonisation of the shipping industry. In Braskem, we have found a partner who shares our values and ambitions. We are excited to build on our relationship with Braskem and introduce the inaugural sustainability-linked lease to the Ocean Yield portfolio.\u201d<\/p>\n<p>The deal is expected to add around $300m to Ocean Yield\u2019s EBITDA backlog. Last year the two companies also teamed up on a pair of dual-fuel <span style=\"text-decoration: underline;\"><a href=\"https:\/\/splash247.com\/ocean-yield-in-ethylene-gas-carrier-resale-action\/\" target=\"_blank\" rel=\"noreferrer noopener\">liquefied ethylene gas carriers<\/a><\/span> at Jiangsu Yangzi-Mitsui Shipbuilding (Yamic).<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n<div class=\"stream-item-size\" style=\"\">\n\t    <!-- \/91333190\/SPLASH247_*_Splash247_Article_*_Strip_Slot_*_2 --><\/p>\n<div id=\"div-gpt-ad-1_95_0_1_2\">\n<script>\ngoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });\n<\/script>\n<\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"post-bottom-meta post-bottom-tags post-tags-modern\">\n<div class=\"post-bottom-meta-title\"><span class=\"tie-icon-tags\" aria-hidden=\"true\"><\/span> Tags<\/div>\n<p><span class=\"tagcloud\"><a href=\"https:\/\/splash247.com\/tag\/brazil\/\" rel=\"tag\">Brazil<\/a> <a href=\"https:\/\/splash247.com\/tag\/norway\/\" rel=\"tag\">Norway<\/a><\/span><\/div>\n<\/p><\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Norwegian owner and sale and leaseback player Ocean Yield has struck a deal with New York-listed petrochemicals firm Braskem to buy a quartet of LR1 product carrier newbuildings backed by 15-year bareboat charters with a dayrate linked to vessel\u2019s carbon emissions. \u201cTo the company\u2019s knowledge, this is the first sustainability-linked transaction in the maritime leasing &hellip;<\/p>\n","protected":false},"author":1,"featured_media":34383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":["post-34382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/34382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=34382"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/34382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/34383"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=34382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=34382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=34382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}