News

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.

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.