Norwegian sale-and-leaseback specialist Ocean Yield has added to its fleet with a bulker newbuilding deal.

The company, owned by US private equity giant KKR, said on Tuesday it had acquired up to 10 newcastlemaxes with delivery between the start of 2025 and the second quarter of 2026.

The price is $576m, net of seller’s credits.

Fearnley Securities said it expects the gross price to be closer to $650m, or $65m per vessel.