Bermuda-based shipowner Interlink Maritime exercised an option to buy back the bareboat-chartered 2015 built handysize bulk carrier 39K DWT MV Interlink Dignity from lease company Oslo-based Ocean Yield. 2015 built handysize bulk carrier 39K DWT MV Interlink Dignity was then flipped to Tufton Oceanic Assets for around $26 million. Oslo-based lease company Ocean Yield had received gross proceeds of approximately $11.5 million from the agreement. 2015 built handysize bulk carrier 39K DWT MV Interlink Dignity was acquired by Oslo-based lease company Ocean Yield from Bermuda-based shipowner Interlink Maritime in 2018 for around $15.7 million. In Q1 and Q2 2022, Bermuda-based shipowner Interlink Maritime sold 12 bulk carriers. In March 2022, Bermuda-based shipowner Interlink Maritime sold four (4) handysize bulk carriers to a Greek shipowner for a total of $105 million en-bloc. In March 2022, Bermuda-based shipowner Interlink Maritime sold four (4) handysize bulk carriers to Tomini Shipping for a total of $102 million en-bloc. Bermuda-based shipowner Interlink Maritime sold 2016 built handysize bulk carrier 39K DWT MV Interlink Audacity, 2016 built handysize bulk carrier 39K DWT MV Interlink Affinity, 2016 built handysize bulk carrier 39K DWT MV Interlink Tenacity, and 2016 built handysize bulk carrier 39K DWT MV Interlink Utility. In January 2022, Bermuda-based shipowner Interlink Maritime purchased 2015 built handysize bulk carrier 38K DWT MV Interlink Priority from Oslo-based lease company Ocean Yield. After the sale of the bulk carriers, Bermuda-based shipowner Interlink Maritime has a fleet of four (4) handysize bulk carriers. 13-June-2022
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. 27-February-2018