Ocean Yield says it has boosted its balance sheet with new bank debt ahead of the delivery of vessels headed to bareboat charters with Okeanis Marine Holdings and Nordic American Tankers.

The announcement comes after the Oslo-listed company reported second-quarter adjusted net profit up 13% from a year ago to $37.9m. Revenue was up 16% to $95.1m.

The second quarter saw Ocean Yield acquire four 2014-built, 3,800-teu container vessels for $120m, net of pre-paid charter hire.