Oslo-listed Ocean Yield ASA has received a 49,000dwt IMO II chemical tanker Navig8 Turquoise from Korean shipyard STX.

This is the fifth vessel delivered in a series of total eight chemical tankers that will be chartered to Navig8 Chemical Tankers under a 15-year "hell and high water" bareboat charter.

Navig8 Turquoise will be entered into and operated in Navig8 Group's Chronos8 commercial pool.

"Year to date we have taken delivery of four vessels and will during the next twelve months take delivery of another nine vessels bringing the fleet to a total of 27 vessels," said Ocean Yield ASA's CEO Lars Solbakken.

The delivery is part of a US$306.8m deal signed in April 2015 for eight newbuilding chemical tankers, four of which, built by Hyundai Mipo Dockyard, Korea, joined the company's fleet in Q2 and Q3 2015.

The remaining four 49,000dwt carriers, all built by STX, are scheduled for delivery in Q1-Q3 2016.