Kjell Inge Rokke’s Ocean Yield is casting the net wide for acquisition opportunities after boosting its firepower with a near $100m equity raise.
Oslo-listed Ocean Yield bought 11 vessels on leaseback deals in the opening months of 2018, including debut transactions in the VLCC and dry bulk markets.
It has since banked $96m from an equity issue, leaving the company with what chief executive Lars Solbakken said is a strong position with substantially increased investment capacity.
