menu

Investments

Ocean Yield

Ocean Yield charters modern ships on long-term contracts, a strategy which offers foreseeability with respect to future earnings and dividend capacity.

Aker’s engagement
Aker owns 73 per cent of the shares in Ocean Yield. In 2015, Ocean Yield’s share price rose from NOK 44.00 to NOK 68.50. The company also paid a dividend of USD 0.60 per share. Aker’s shareholding was valued at NOK 6.7 billion as at 31 December 2015, equivalent to 24 per cent of Aker’s total assets at the end of the year. Frank O. Reite and Kjell Inge Røkke represent Aker on Ocean Yield’s board of directors.

Aker’s ownership agenda
Aker’s view on the market and the prospects of the ship and maritime asset sale/leaseback sector remains positive. As planned, Ocean Yield is developing into a substantial contributor to Aker’s net asset value and dividend receipts. The company’s EBITDA order reserve totals USD 2.7 billion.

Ocean Yield was Aker’s largest investment as at 31 December 2015, and the
largest contributor of direct dividends and returns among the portfolio companies. In its capacity as owner, Aker is focused on ensuring that Ocean Yield continues to grow and to maintain a diversified portfolio characterised by robust counterparties, diversified risk exposure and attractive quarterly dividends for shareholders. Continued growth will be achieved through the acquisition of maritime assets on longterm contracts.

Ocean Yield

Geographic market:
International

Sector:
Oil service and shipping

Category:
Offshore

Share of Aker's gross asset value (4Q15)
24%

CEO:
Lars Solbakken

Board chairman:
Frank O. Reite

Website:
www.oceanyield.no