M/V Grand Canyon

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Vessel and charter

Vessel:
M/V Grand Canyon
Type:
Offshore Construction Vessel (ST 259 CD)
Built:
10.2012
Yard:
Bergen Group Fosen, Norway
Charterer:
Subtec
Charter:
Time charter
Charter ends:
Oct 2019 + 5 years option

Key figures

Paid dividend:
Annual average of 8,8%
2013: 8,6%, 2014: 12,9%, 2015: 10,5%, 2016: 0%, 2017: 11,9%
Expected IRR:
17,5%
Ownership:
25%

Financing

Lenders:
Sparebank1 SMN and GIEK/Eksportkreditt
Facility:
NOKm 358
Maturity:
2024
Repayment:
12/15 year profile