Kjell Inge Rokke’s Ocean Yield has entered the boxship market for the first time after buying into a series of giant vessels alongside Idan Ofer’s Quantum Pacific Shipping.
Oslo-listed Ocean Yield has taken a 49.5% slice in six 19,500-teu newbuildings on order at Samsung Heavy Industries in what marks the public company’s largest transaction to date.
It has spent $162m on the shareholding, which is funded by cash and a loan from Aker.
