Management

Management of ADS Crude Carriers Plc is provided by Arendals Dampskibsselskab AS (“ADS”). All members of Management as described below are employed by ADS.

Terje Bodin Larsen

Terje Bodin Larsen

CEO

Terje Bodin Larsen is a law graduate from University of Oslo, and is admitted to the Norwegian Bar. He has held senior positions within the banking and marine insurance industries. He joined ADS in 2008 from the position as Managing Director of the Nordic operations of US based broker DeWitt Stern.

Email: tbl@ads.no, Mobile: +47 905 35 543

Marius Halvorsen

Marius Halvorsen

CCO

Marius holds an MSc from Cass Business School in London and has over 20 years experience from shipping and finance. He started his career as a shipbroker at Lorentzen & Stemoco in Oslo before working 5 years for Goldman Sachs in London, followed by around 15 years in New York working as an investment banker at Platou Markets and Fearnley Securities, raising capital for shipping companies. Prior to joining ADS, Marius held the position as CEO of Fearnley Securities in Oslo.

Email: Marius.Halvorsen@ads.no, Mobile: +47 480 74 977

Ben Boiling

Ben Boiling

CFO

Ben Boiling is a Chartered Accountant (FCA) with over 15 years experience in finance and audit roles internationally, predominantly focusing on shipping, offshore and oil services. Mr Boiling is a member of the Institute of Chartered Accountants in England & Wales as well as a Norwegian state registered auditor.

Email: Ben.Boiling@ads.no, Mobile: +47 912 40 945

Harald Wennesland

Harald Wennesland

Marine Operations Manager

Harald Wennesland holds a Bachelor Degree in Business Administration from SNHU, USA. He has over 25 years experience in consulting, chartering/commercial and marine operation of various types of ships. He has previously held chartering manager/Chief Commercial Officer positions within offshore companies.

Email: harald.wennesland@ads.no, Mobile: +47 975 75 745

Kjell Andreassen

Kjell Andreassen

Project Manager

Kjell Andreassen is a maritime engineer with vast experience from the shipping and offshore industry. He was responsible for all marine operations during the construction of platforms at the Gullfaks and Oseberg fields in the North Sea and has extensive experience with newbuild projects and vessel conversions, including tanker conversions to floating storage vessels. Mr. Andreassen has previously held senior positions at OSM Ship Management, Teekay Shipping and Norwegian Contractors.

Email: kjell.andreassen@ads.no, Mobile: +47 905 45 583