OCY: A.P. Moller Holding announces the acquisition of Ocean Yield from KKR

2.7.2026 08:33:35 CEST | Ocean Yield | Inside information

Copenhagen / London / Oslo, 2 July, 2026: A.P. Møller Holding A/S (A.P. Moller
Holding) and KKR, a leading global investment firm, today announced that they
have signed an agreement under which a subsidiary of A.P. Moller Holding will
acquire 100% of Ocean Yield AS (Ocean Yield), a leading global ship leasing
platform, from funds managed by KKR.

Headquartered in Oslo, Norway, Ocean Yield holds interests in over 70 modern
vessels, across several core shipping sectors, including gas carriers, container
ships, LNG carriers, crude, product and chemical tankers, and dry bulk carriers.
Under KKR's ownership, Ocean Yield has invested more than $3 billion to further
expand the existing portfolio, diversify and broaden its investment-grade
customer base, and has nearly doubled its long-term contracted backlog to more
than $5 billion. 

The acquisition of Ocean Yield strengthens A.P. Moller Group's maritime
portfolio, and builds on the Group's long-term maritime legacy across many
segments. 

Martin Larsen, CFO of A.P. Moller Holding, said: "We are impressed by Ocean
Yield's performance and its management team. We believe that combining Ocean
Yield's compelling platform with our century-long experience in the maritime
industry will create a strong partnership. In addition, we see Ocean Yield's
business model, with its stable cash flow, as an excellent complement to our
existing maritime portfolio."

Andreas Røde, CEO of Ocean Yield, commented: "Since 2021, we have strengthened
Ocean Yield as a globally diversified maritime leasing platform with
long-duration, high-quality contracted cash flows and a modern fleet positioned
for the energy transition. Under private ownership, we have been able to think
and act long term as we have partnered with leading shipping companies and end
users providing critical infrastructure assets to the maritime industry. We are
therefore excited to start our next chapter of growth with A.P. Moller Holding."

Vincent Policard, Partner and Co-Head of European Infrastructure at KKR, said:
"We are proud of the transformation Ocean Yield has delivered during our
strategic partnership. Together with the management team, we have significantly
scaled and diversified the platform, strengthened its long-term contracted
revenue base, and supported its transition toward a more modern and sustainable
fleet. Today, Ocean Yield is a larger, stronger and more resilient business,
well positioned to continue supporting its customers and the wider maritime
sector. We are proud of what has been achieved and believe A.P. Moller Holding
is an excellent long-term owner for the company's next chapter."

KKR will continue to be a strategic partner to Ocean Yield through their joint
investment in CapeOmega Gas Transportation AS.

Completion of the transaction is subject to customary regulatory approvals.

 

For any further information please contact:
Andreas Røde, CEO, Andreas.Rode@oceanyield.no, +47 982 28 562
Eirik Eide, CFO, Eirik.Eide@oceanyield.no, +47 950 08 921
Karl Fredrik Schjøtt-Pedersen, SVP, Karl.Pedersen@oceanyield.no, +47 951 32 335

 

About Ocean Yield
Ocean Yield AS is a ship owning company with investments in vessels on long-term
charters. The company has a significant contract backlog that offers visibility
with respect to future earnings.

About A.P. Moller Holding 
A.P. Moller Holding is the parent company of the A.P. Moller Group,
headquartered in Copenhagen, Denmark. The A.P. Moller Group operates in more
than 130 countries with over 130,000 employees. In 2025, the Group generated a
revenue of USD 61 billion with consolidated asset value of USD 121 billion. For
further information: www.apmoller.com - http://www.apmoller.com

About KKR
KKR is a leading global investment firm that offers alternative asset management
as well as capital markets and insurance solutions. KKR aims to generate
attractive investment returns by following a patient and disciplined investment
approach, employing world-class people, and supporting growth in its portfolio
companies and communities. KKR sponsors investment funds that invest in private
equity, credit and real assets and has strategic partners that manage hedge
funds. KKR's insurance subsidiaries offer retirement, life and reinsurance
products under the management of Global Atlantic Financial Group. References to
KKR's investments may include the activities of its sponsored funds and
insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE:
KKR), please visit KKR's website at www.kkr.com - http://www.kkr.com. For
additional information about Global Atlantic Financial Group, please visit
Global Atlantic Financial Group's website at www.globalatlantic.com -
http://www.globalatlantic.com.
Atlantic Financial Group\, please visit\
Global Atlantic Financial Group's website at www.globalatlantic.com -\
http://www.globalatlantic.com.\