Ocean Yield delivers Geco Triton

Ocean Yield delivered the survey vessel Geco Triton to Schlumberger subsidiary WesternGeco, netting US$8.2 million for the vessel.

Geco Triton was built in 1991 and remains under a charter arrangement to WesternGeco until December 2015. 

The firm has also increased a loan facility by US$50.5 million. 

The loan will be used to fund the equity portion of investments in vessels and for general corporate purposes. 

Ocean Yield is a ship owning company with investments within oil-service and industrial shipping. The company focuses on modern assets with long-term charters to solid counterparties. 

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