News Archive

Notice of 2021 Annual General Meeting

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...

read more

ADS Maritime Holding Plc Annual Report 2020

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.

read more

Change to the board of directors

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.

read more

Mandatory notification of trade

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.

read more

Key information regarding the capital payment

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.

read more

Capital payment to shareholders of ADS Maritime Holding Plc

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...

read more

Financial calendar

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 -...

read more

Registration of company name change

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...

read more

Extraordinary General Meeting of ADS Crude Carriers Plc

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.

read more

Key information regarding the cash dividend declared in relation to Q3 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.

read more

Notice of Extraordinary General Meeting

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.

read more

Completion of sale of ADS Page

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.

read more

Completion of sale of ADS Serenade

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.

read more

Sale of ADS Page

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.

read more

Mandatory notification of trade

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.

read more

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.

read more

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.

read more

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.

read more

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.

read more

Notice of 2020 Annual General Meeting

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.

read more

ADS Crude Carriers Plc Annual Report 2019

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.

read more

ADS Crude Carriers commercial update

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...

read more

Mandatory notification of trade 9 March 2020

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.

read more

ADS Crude Carriers’ first vessel successfully installed with emissions reducing system

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.

read more

Mandatory notification of trade

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

read more

NOTICE OF ANNUAL GENERAL MEETING

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.

read more

ADS Crude Carriers completes financing

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.

read more

ADS Crude Carriers agrees terms for Credit Facility

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.

read more

ADS Crude Carriers presents at SMB 2019 in Oslo

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.

read more

ADS Crude Carriers Plc Annual Report 2018

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...

read more

ADS Crude Carriers fourth quarter 2018

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...

read more

Financial calendar

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...

read more

ADS Crude Carriers Plc appoints CFO

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...

read more