31 October 2022
The MR Product Tanker "UOG Sparta" was successfully delivered to its new owners
in Durban, South Africa, at 14:08 (CET) 26th October.
Furthermore, the MR Product Tanker "UOG Oslo" (previously named "Swift Omaha")
was successfully delivered to its new owners in Los Angeles, USA, at 21:20 (CET)
27th October.
ADS Maritime Holding Plc will act as Disponent Owner for the vessels and holds a
10 % shareholding in the owning companies.
The "UOG Oslo" is fixed on a 2-year charter for 24 months +/- 30 days. After
the firm period, the charterers have an optional period of 12 months. The vessel
will be delivered to the charterers in Los Angeles within October.
The "UOG Sparta", will sail from Durban during the weekend to the Arabian Gulf
(est. 14 days), for trading in the spot market. The intention for the next
voyages is to trade her in the Middle East.
The acquisition is part of the Company's strategy for opportunistic growth in
shipping, including the tanker market, where ADSMH recently has taken positions
within several segments.
Contacts
Terje Bodin Larsen, CEO
+47 905 35 543
tbl@ads.no
Dagfinn Andersen, CFO
+47 922 91 001
dagfinn.andersen@ads.no
This stock exchange release was published by Dagfinn Andersen, CFO, ADS Maritime
Holding Plc, on 31st October 2022 at 08:00 CET.
About ADS Maritime Holding
ADS Maritime Holding Plc is a public limited company listed on the Euronext
Growth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and
domiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway.
For more information, visit www.adsmh.com
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.