ADS Crude Carriers Plc’s business is to own, charter out and operate tanker vessels. The Company currently owns two Very Large Crude Carriers (VLCCs) and is awaiting delivery of a third vessel, scheduled for delivery on 10 September 2018. The vessels are built at first class Japanese yards and are “sister vessels,” enabling high operating efficiency. ADS Crude Carriers will be managed by well-established shipping investor and manager Arendals Dampskibsselskab AS. The vessels will be commercially managed by world leading tanker owner and operator Frontline Ltd, and be under technical management of OSM Maritime Group. ADS Crude Carriers’ aim is to be a preferred provider of competitive tanker vessel services to quality charterers, offering a fleet of high technical standard compliant with new environmental regulations and with a strong market presence.
ADS Crude Carriers Plc (ADSC-ME) – Admission Document
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Contacts
Terje Bodin Larsen, CEO
+47 905 35 543
tbl@ads.no
Dagfinn Andersen, CFO
+47 922 91 001
dagfinn.andersen@ads.no
Forward looking statements
The information included herein may contain forward looking statements. Forward looking statements include all statements that are not historical facts, including but not limited to statements expressing or implying the Company’s intent, belief or current expectations with respect to, among other things, forecasts, estimates, and predictions. Such forward looking statements necessarily involve risks and uncertainties and are dependent on assumptions, information, data or methods that may be incorrect or imprecise. Actual results could differ materially from expectations expressed in the forward-looking statements if one or more of the underlying assumptions or expectations proves to be inaccurate or is unrealized. Actual results may differ materially from those expected or projected in the forward-looking statements. The Company undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.