News Archive

ADS Maritime Holding Plc (“ADS Maritime Holding” or the “Company”) announces the release of its first quarter 2023 report 27 May 2023.

The Annual General Meeting (the “AGM”) of ADS Maritime Holding Plc (the “Company”) was held today at the Company’s registered office at OSM House, 22 Amathountos, 4532 Ayios Tychonas, Limassol, Cyprus. The AGM resolved the approval of all matters proposed in the AGM...

Notice of 2023 Annual General Meeting

ADS Maritime Holding Plc (“the Company”) has acquired a 10 % stake in a Dive Support Vessel and will act as Commercial Manager with primary responsibility for following up the shipowning company’s activities related to the vessel and the bareboat contract.

The Board of Directors of ADS Maritime Holding Plc (“ADSMH” or the “Company”) has approved the 2022 audited Annual Report.

The MR Product Tanker “UOG Sparta” was successfully delivered to its new owners in Durban, South Africa, at 14:08 (CET) 26th October.

Result of Subsequent Offering

Reference is made to the stock exchange announcement published by ADS Maritime Holding Plc (the “Company”) on 3 October 2022 regarding the subsequent offering (the “Subsequent Offering”) of up to 34,190,476 existing ordinary shares in the Company held by B T Larsen & Co Ltd. (the “Offer Shares”) at a price of NOK 2.10 per Offer Share (the “Offer Price”).

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26 September, 2022 ADS Maritime Holding Plc (“ADSMH” or “the Company”) has acquired a 10 % stake in two MR tankers and will act as disponent owner with primary responsibility for following up the owning companies' activities related to the vessels. The vessel Swift...

ADS Maritime Holding Plc (“ADS Maritime Holding” or the “Company”) announces the release of its first half-year 2022 report.

ADS Maritime Holding Plc (the "Company") has informed the market that it has subscribed for a 20 % stake in three LR 2/Aframax tankers in a sale-leaseback deal, which was expected to be concluded shortly (the "Transaction"). The Company has been notified by the deal...

ADS Maritime Holding Plc has engaged Arctic Securities AS as Sole Manager to advise on and effect a fully underwritten private placement of new ordinary shares in the Company, raising gross proceeds of approx. NOK 100 million. The subscription price per New Share in the Private Placement will be NOK 2.10 per Offer Share.

ADS Maritime Holding Plc (“ADSMH” or “the Company”) has agreed to acquire a 5 % shareholding in AET Sea Shuttle AS and AET Sea Shuttle II AS, the owners of 4 modern shuttle tankers operating in the North Sea, mainly on long term charters to Equinor.

ADS Maritime Holding Plc has subscribed for a 20% interest in a chartered-in scrubber-fitted MR.

ADS Maritime Holding Plc (the “Company”) has subscribed for a 20% interest in a chartered-in VLCC (the “Vessel”) that will trade in Navig8’s VL8 pool (the “Pool”) for a firm period of 12 months and with an option period of an additional 12 months.

The Board of Directors of ADS Maritime Holding Plc (“ADS” or the “Company”) has approved the 2021 audited Annual Report.

Notice is hereby given that the Annual General Meeting of ADS Maritime Holding Plc will be held at Friday 8th April 2022 at 11:00 hours (local time) at the Registered Office of the Company in Limassol, Cyprus. The Notice of the AGM is attached.

ADS Maritime Holding Plc (“ADS” or the “Company”) announces that Dagfinn Andersen is appointed as new CFO of the Company.

ADS Maritime Holding Plc (“ADS Maritime Holding” or the “Company”) announces the release of its fourth quarter 2021 report 18 February 2022.

ADS Maritime Holding Plc (“ADS Maritime Holding” or the “Company”) announces the release of its third quarter 2021 report.

ADS Maritime Holding Plc (“ADS Maritime Holding” or the “Company”) announces the release of its second quarter and first half-year 2021 report.

ADS Maritime Holding Plc (“ADS Maritime Holding” or the “Company”) announces the release of its first-quarter 2021 report.

The Annual General Meeting (AGM) of ADS Maritime Holding Plc (the “Company”) was held today at the Company’s office at OSM House, Limassol, Cyprus. The AGM resolved to approve all matters proposed in the AGM Notice dated 5 May 2021.

Notice is hereby given that the Annual General Meeting of ADS Maritime Holding Plc will be held at 16.00 (local time) on Thursday 27th May 2021 at the Registered Office of the Company in Limassol, Cyprus. The Notice of the AGM, including Shareholder Proxy, is...

The Board of Directors of ADS Maritime Holding Plc (“ADS” or the “Company”) has approved the 2020 audited Annual Report. There were no changes to the consolidated annual financial statements compared to those presented in the Company’s unaudited fourth quarter and preliminary full year 2020 interim report published on 26 February 2021.

ADS Maritime Holding Plc (the “Company”) announces that, following yesterday’s purchase by ADS Shipping Ltd of all of the shares in the Company previously owned by SFL Corporation Ltd (“SFL”), SFL’s representative on the Company’s board of directors, Trym Sjølie, has today left the Company’s board of directors.

ADS Shipping Ltd, a company controlled by Mr. Bjørn Tore Larsen, Chairman and member of the Board of Directors of ADS Maritime Holding Plc (the “Company”), has today acquired all 4,031,800 shares from SFL Corporation Ltd in the Company at an average purchase price of NOK 1.72 per share.

ADS Maritime Holding Plc (“ADS Maritime Holding” or the “Company”) announces the release of its fourth quarter and preliminary full year 2020 report.

Today is the last day of trading for which shares in ADS Maritime Holding Plc include the right to receive the previously announced capital payment by way of a USD 51 million reduction of the share premium account. The shares will be traded ex-dividend of the NOK equivalent of USD 2.18 per share (NOK 18.48 per share) as from Monday 22 February.

Following shareholders’ approval on 10 December 2020, the District Court of Limassol, Cyprus has today approved the USD 51 million reduction of the share premium account. The share premium reduction equates to a capital return of USD 2.18 per share. The last day of...

Financial calendar for ADS maritime Holding Plc: FINANCIAL YEAR 2020 26.02.2021 - Quarterly Report - Q4 24.03.2021 - Annual Report FINANCIAL YEAR 2021 31.08.2021 - Half-yearly Report 27.05.2021 - Annual General Meeting 28.05.2021 - Quarterly Report - Q1 18.11.2021 -...

With reference to the announcement on 10 December regarding passing of a shareholder resolution to change the Company’s name, the Cyprus registrar of companies has now registered the change of name from ADS Crude Carriers Plc to ADS Maritime Holding Plc. Contacts...

An Extraordinary General Meeting (EGM) of ADS Crude Carriers Plc (the “Company”) was held today at the Company’s office at OSM House, Limassol, Cyprus. The EGM resolved to approve all matters proposed in the EGM Notice dated 18 November 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 Q3 2020 earnings, previously announced on 18 November 2020. The shares will be traded ex-dividend of the NOK equivalent of USD 0.17 per share (NOK 1.54 per share) as from Monday 23 November.

Notice is hereby given of an Extraordinary General Meeting of the shareholders of ADS Crude Carriers Plc (the “Company”) to be held 10.00 (local time) on Thursday 10 December 2020 at the Registered Office of the Company in Limassol, Cyprus.

A letter to shareholders from the Chairman, Nov 18 2020.

ADS Crude Carriers Plc (“ADS Crude Carriers” or the “Company”) announces the release of its third quarter 2020 report.

ADS Crude Carriers Plc has today delivered the vessel ADS Page to her new owners following the sale which was previously announced on 22 October.

ADS Crude Carriers Plc (“ADSCC” or the “Company”) has today delivered the vessel ADS Serenade to her new owners following the sale which was previously announced on 13 October. Subsequently, the Company’s debt is reduced by USD 9.9 million.

ADS Crude Carriers Plc (the “Company”) has entered into a memorandum of agreement to sell the vessel ADS Page for a price of USD 25.5 million. The vessel is expected to be delivered to the new owners during November.

ADS Shipping Ltd, a company controlled by Mr. Bjørn Tore Larsen, Chairman and member of the Board of Directors of ADS Crude Carriers Plc (the “Company”), has today acquired 100,000 shares in the Company at an average purchase price of NOK 18.79 per share. Following the acquisition, ADS Shipping Ltd and affiliated companies own 2,574,934 shares in the Company.

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.

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 Plc announces that Chief Commercial Officer, Marius Halvorsen, will today present at Pareto Securities’ 27th Energy Conference. A copy of the presentation is attached.

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 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 Plc (“ADS Crude Carriers” or the “Company”) announces the release of its second quarter 2020 report.

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.

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 Plc (“ADS Crude Carriers” or the “Company”) announces the release of its first quarter 2020 report.

The Annual General Meeting (AGM) of ADS Crude Carriers Plc (the “Company”) was held today at the Company’s office at OSM House, Limassol, Cyprus. The AGM resolved to approve all matters proposed in the AGM Notice dated 5 May 2020. The minutes of the AGM are attached....

Notice is hereby given that the Annual General Meeting of ADS Crude Carriers Plc will be held at 16.00 (local time) on Wednesday 27th May 2020 at the Registered Office of the Company in Limassol, Cyprus. The Notice of the AGM, including Shareholder Proxy, is attached.

We established ADS Crude Carriers Plc in mid-2018 during a low point in the tanker market and 2019 is thus our first full year of operation.

The Board of Directors of ADS Crude Carriers Plc (“ADS” or the “Company”) has approved the 2019 audited Annual Report. There were no changes to the consolidated annual financial statements compared to those presented in the Company’s unaudited fourth quarter and preliminary full year 2019 interim report published on 27 February 2020.

ADS Crude Carriers Plc (“ADS” or the “Company”) is pleased to announce that it has entered into a time charter agreement for ADS Page at a day rate of USD 69,000 with a duration expected to be around six-months (the “TC”). The TC will commence following completion of...

ADS Shipping Ltd, a company controlled by Mr. Bjørn Tore Larsen, Chairman and member of the Board of Directors of ADS Crude Carriers Plc (the “Company”), has on 6 March 2020 acquired 50,000 shares in the Company at an average purchase price of NOK 18.68 per share. Following the acquisition, ADS Shipping Ltd and affiliated companies own 2,474,934 shares in the Company.

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 Q4 2019 earnings, previously announced on 27 February 2020. The shares will be traded ex-dividend of the NOK equivalent of USD 0.09 per share (NOK 0.79 per share) as from tomorrow.

ADS Crude Carriers Plc (“ADS Crude Carriers” or the “Company”) announces the release of its fourth quarter 2019 report.

ADS Crude Carriers Plc (“ADS” or the “Company”) announces that its vessel ADS Stratus has secured her first charter following the successful completion of her recent yard stay to perform intermediate survey and installation of scrubber system. Following the commencement of ADS Stratus on this voyage, the Company is now fully booked for the fourth quarter.

ADS Crude Carriers Plc (“ADS Crude Carriers” or the “Company”) announces the release of its third quarter 2019 report.

ADS Crude Carriers Plc (“ADS” or the “Company”) announces that its vessel ADS Serenade has successfully completed her scheduled intermediate survey and retrofitting of scrubber system and has now commenced on her first spot charter voyage following the upgrade. ADS Serenade is currently in transit to the Middle Eastern Gulf for loading, with subsequent unloading planned for Eastern China.

ADS Crude Carriers Plc announces that Chief Financial Officer, Ben Boiling, will today present at Pareto Securities’ 26th Annual Oil and Offshore Conference in Oslo, Norway. Please find a copy of the presentation attached.

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 2019 earnings, previously announced on 22 August 2019. The shares will be traded ex-dividend of USD 0.02 (NOK 0.19) as from tomorrow.

ADS Crude Carriers Plc (“ADS” or the “Company”) announces that the following Primary Insider has acquired shares in the Company through a related party on 26 August 2019

ADS Crude Carriers Plc (“ADS Crude Carriers” or the “Company”) announces the release of its second quarter 2019 report.

The Annual General Meeting (AGM) of ADS Crude Carriers Plc (the “Company”) was held today at the Company’s office at OSM House, Limassol, Cyprus. The AGM resolved to approve all matters proposed in the AGM Notice dated 26 July 2019.

Notice is hereby given that the Annual General Meeting of the Members of the Company will be held on Wednesday 21st August, 2019 at 9.00 hours (local time), at the Registered Office of the Company in Limassol, Cyprus.

Reference is made to the stock exchange announcement published by ADS Crude Carriers Plc (“ADS Crude Carriers” or the “Company”) on 6 June 2019 regarding terms for a financing facility. The Company announces that all remaining requirements, including final documentation, have been successfully completed. Drawdown on the facility was done on 28 June 2019.

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 2019 earnings, previously announced on 29 May 2019. The shares will be traded ex-dividend of USD 0.04 (NOK 0.37) as from tomorrow.

ADS Crude Carriers Plc (“ADS Crude Carriers” or the “Company”) announces that it has agreed terms for a credit facility (the “Facility”), which provides financing of the forthcoming intermediate surveys for the Company’s fleet of three vessels. The intermediate surveys are all due to commence during the third quarter this year and are now fully financed. The Facility will replace the Company’s existing vessel loans. Further, the Facility allows for increased flexibility should the Company decide to expand its fleet.

ADS Crude Carriers Plc (“ADS Crude Carriers” or the “Company”) announces that Chairman of the Board, Bjørn Tore Larsen, will present later this evening at SMB 2019, arranged by Oslo Børs and Aksje Norge. A copy of the presentation is attached.

ADS Crude Carriers Plc (“ADS Crude Carriers” or the “Company”) announces the release of its first quarter 2019 report.

The Board of Directors of ADS Crude Carriers Plc (“ADS Crude Carriers” or the “Company”) has approved the 2018 audited Annual Report. There were no changes to the consolidated annual financial statements compared to those presented in the Company’s unaudited fourth...

ADS Crude Carriers Plc (“ADS Crude Carriers” or the “Company”) announces the release of its fourth quarter and preliminary full year 2018 report. HEADLINES 2018: ADS Crude Carriers Plc established mid-2018 USD 57 million gross equity raised 16 July 2018 in a private...

Financial calendar for ADS Crude Carriers Plc FINANCIAL YEAR 2018 04.04.2019 - Annual Report 27.02.2019 - Quarterly Report - Q4 FINANCIAL YEAR 2019 22.08.2019 - Half-yearly Report 29.05.2019 - Quarterly Report - Q1 21.11.2019 - Quarterly Report - Q3 This information...

ADS Crude Carriers Plc has signed contracts with Feen Marine Scrubbers Inc. for the purchase of 3 scrubber retrofit systems. This is in line with the company’s strategy in order to (1) Comply with the IMO 2020 Sulphur emission regulations and (2) Take advantage of the...

Ben Boiling is appointed as CFO and will commence at ADS Crude Carriers Plc on 1 January 2019. Mr. Boiling is a Chartered Accountant with over 15 years’ experience in finance and audit roles internationally and comes from the position of Head of Finance at Oslo-listed...

ADS Crude Carriers Plc was incorporated 30 April 2018. The first vessel was delivered 20 July 2018, and the Company was listed on Oslo Stock Exchange – Merkur Market on 28 August 2018. The Company currently owns three VLCC’s.

On 13 September 2018, ADS Crude Carriers Plc through its wholly owned subsidiary ADS Crude III AS, successfully took delivery of the VLCC “Front Serenade” renamed “ADS Serenade”.

Oslo Børs – ADS Crude Carriers Plc – Nytt selskap tas opp til handel på Merkur Market / New company admitted to trading on Merkur Market 28.08.2018

ADS Crude Carriers Plc (ADSC-ME) – Admission Document

Financial calendar for ADS Crude Carriers Plc

Oslo Børs – ADS Crude Carriers Plc – Nytt selskap tas opp til handel på Merkur Market / New company admitted to trading on Merkur Market 28.08.2018

Oslo Børs has received an application for admission to trading on Merkur Market from ADS Crude Carriers Plc.

Oslo Børs har mottatt søknad fra ADS Crude Carriers Plc. om opptak til handel på Merkur Market.