Nordic Tankers continues to increase its trading
activity in the stainless steel segment

Published via NASDAQ OMX on 27 January 2011

Nordic Tankers has taken two chemical tankers of 16,000 tons deadweight (dwt) on time charter. The sister vessels, which were built in Italy in 2001 and 2004, are equipped with 25 stainless steel tanks and live up to IMO’s requirements to be able to carry all types of chemicals.

The charters follow Nordic Tankers’ strategy to use the current weak market to increase the time charter fleet, which now consists of 7 chemical tankers between 12,000 and 20,000 dwt – all with stainless steel tanks. The vessels have been chartered in for periods between one and three years and are deployed partly in our Americas trade and partly in our global service.

"We believe that the timing is right for chartering in tonnage now, bearing in mind the present weak market conditions and the expected longer term market improvement. Chartering in tonnage is an important part of our growth strategy, and we will continue to explore opportunities in this field", said Nordic Tankers CEO Tommy Thomsen.

About Nordic Tankers
Nordic Tankers is a Danish shipping company listed on NASDAQ OMX Copenhagen. Nordic Tankers operates a fleet of around 70 chemical and product tankers, with a main strategic focus on chemical tankers in the segment below 25,000 dwt. Nordic tankers will further as of 1 February 2011 operate the Nordic Womar pool jointly with Womar, which will grow the total operated fleet to approximately 100 vessels. Nordic Tankers has offices in Copenhagen (headquarters), Stamford (Connecticut, U.S.), Houston (Texas, U.S.), Bogota (Colombia) and Riga (Latvia) and has about 130 employees.

Nordic Tankers