Sale of ADS Serenade
ADS Crude Carriers Plc has entered into a memorandum of agreement to sell the vessel ADS Serenade for a price of USD 25.5 million. The vessel is expected to be delivered to the new owners before the end of October.
Completion of sale of ADS Stratus
ADS Crude Carriers Plc (“ADSCC” or the “Company”) has today delivered the vessel ADS Stratus to her new owners following the sale which was previously announced on 9 September. Subsequently, the Company’s debt will be reduced by USD 9.9 million and as a result there will be no further amortization on the remaining vessel loans until maturity.
ADS Crude Carriers presents at Pareto Securities’ Annual Energy Conference
ADS Crude Carriers Plc announces that Chief Commercial Officer, Marius Halvorsen, will today present at Pareto Securities’ 27th Energy Conference. A copy of the presentation is attached.
Sale of ADS Stratus
ADS Crude Carriers Plc (“ADS” or the “Company”) has entered into a memorandum of agreement to sell the vessel ADS Stratus for a price of USD 25.5 million. The vessel will be delivered to the new owners on or around 17 September 2020 following completion of her current spot charter.
Key information regarding the cash dividend declared in relation to Q2 2020 31 August 2020
Key information regarding the cash dividend declared in relation to Q2 2020 Today is the last day of trading for which shares in ADS Crude Carriers Plc include the right to receive the forthcoming dividend in relation to Q2 2020 earnings, previously announced on 28...ADS Crude Carriers second quarter 2020
ADS Crude Carriers Plc (“ADS Crude Carriers” or the “Company”) announces the release of its second quarter 2020 report.
ADS appoints Marius Halvorsen as Chief Commercial Officer
Marius Halvorsen has joined Arendals Dampskibsselskab AS (“ADS”) as Chief Commercial Officer. ADS is the manager of ADS Crude Carriers Plc, and in addition has investments in shuttle tankers and dry bulk carriers. Prior to joining ADS Marius worked as CEO of Fearnley Securities in Oslo, previous to which he spent 15 years working in New York, predominantly in top management positions in finance and investment banking.
Key information regarding the cash dividend declared in relation to Q1 2020
Today is the last day of trading for which shares in ADS Crude Carriers Plc include the right to receive the forthcoming dividend in relation to Q1 2020 earnings, previously announced on 28 May 2020. The shares will be traded ex-dividend of the NOK equivalent of USD 0.30 per share (NOK 2.86 per share) as from tomorrow.
ADS Crude Carriers first quarter 2020
ADS Crude Carriers Plc (“ADS Crude Carriers” or the “Company”) announces the release of its first quarter 2020 report.