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Since 2006 Nordic Tankers and its partner have jointly owned the 5 Handysize Product Tanker vessels through the company Nordic Seaarland Tankers B.V., of which Nordic Tankers owned a total of 3˝ vessels (one vessel 100% and between 50% and 75% of the four other vessels). Nordic Tankers now acquires two 25% stakes and two 50% stakes and thus now owns all 5 vessels fully. All 5 vessels will continue to be employed in the Maersk Handytankers Pool. The purchase price is partly settled through an assumption of bank debt related to the vessels and partly through an earn-out mechanism related to the future earnings and sales proceeds. “The acquisition marks a continuation of Nordic Tankers’ focus on profitable growth, and reflects our belief that the current historical low freight markets will improve over the coming years” 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. As of 1 February 2011 Nordic Tankers further operates 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. www.nordictankers.com Nordic Tankers |
Nordic Tankers acquires 1˝ Handysize Product