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New 50/50 joint venture, S&I Leasing, with Itochu Corporation

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  • New 50/50 joint venture, S&I Leasing, with Itochu Corporation

ITOCHU Corporation and Seven Yield Holding, through its subsidiary Seven Yield, signs Shareholders’ Agreement to establish S&I Leasing Pte. Ltd. as joint venture for the purposes of developing a vessel finance leasing business in relation to conventional shipping segments such as bulk, tanker, gas carriers and container vessels.

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Seven Yield was established in 2016 by Siem Industries. Seven Yield Holding Pte. Ltd. and its subsidiaries (the “Company” or “Seven Yield”) was incorporated in 2018. The Company’s business model is to provide leasing solutions to a diversified blend of counterparties across the industrial shipping and offshore oil-service sectors, through long-term bareboat charter contracts.

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