Company announcement No. 1/2012
Published via NASDAQ OMX on 27 March 2012
- Nordic Tankers has today entered into a conditional agreement to sell its chemical tanker activities including the organisation for USD 30 million to a company controlled by Triton, a European investment firm.
- The sale is a result of discussions between Nordic Tankers and its banks driven by the high debt position in Nordic Tankers and continuing low freight rates.
- Nordic Tankers will in the future be a tonnage provider with a fleet of six product tankers in the range 37,000-73,000 dwt.
- A moratorium on deferred and ordinary instalments payable until 31 March 2013 has been agreed for the product tanker fleet subject to certain conditions.
- The listed company will change its name from “Nordic Tankers A/S” to “Nordic Shipholding A/S”.
For the full wording, kindly see the attachment.
