News

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.

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.

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.