Ocean Yield is expanding its joint venture with Idan Ofer's Quantum Pacific Shipping (QPS) through an investment in another big containership.

The Oslo-listed sale and leaseback specialist said it had acquired a 49.9% interest in a 15,300-teu dual-fuel newbuilding that has a bareboat charter in place for 18 years to a major European container line.

The ship is being built at Hyundai Heavy Industries in South Korea for delivery in the third quarter of 2022.