Interlink Maritime

27-February-2018

Norwegian-listed leasing company Ocean Yield acquired 5 handysize dry bulk carriers to charter out Interlink Marine. Deal with 10-year charters worth around $75 million. Carlyle Group-backed Interlink Maritime has options to acquire the vessels during the charter period, with the first purchase option exercisable after 5 years in addition to an obligation to buy the ships at the end of the charters. Interlink Marine was founded in 1979 by Paul Gurtler. Interlink Marine owns a fleet of 28 handysize dry bulk carriers.

In February 2018, Norwegian-listed leasing company Ocean Yield agreed a sale and charter back deal with Louis Dreyfus. Ocean Yield bought 2 handysize new-buildings from Louis Dreyfus in a deal that included a 12-year bareboat back to Louis Dreyfus for $18 million per ship. Ocean Yield sees potential for more transactions in the dry bulk market. Maritime leading banks have pulled back and focused on a handful of top clients. So, sale-and-leaseback deals becoming increasingly frequent in the dry bulk market.