ADS Maritime Holding

Environmental & Social Information • Nov 26, 2019

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

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

26 November 2019

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.

This completes the Company’s fleet-wide upgrade program, following ADS Serenade completing upgrade in September and ADS Page in October. Following the dockings, all of the Company’s vessels have maintained CAP 1 rating and are scrubber fitted. Consequently, ADS has its full fleet of vessels upgraded with emission reducing systems well ahead of the IMO 2020 regulations that come into effect on 1 January 2020.

Contacts

Terje Bodin Larsen, CEO

+47 905 35 543

tbl@ads.no

Ben Boiling, CFO

+47 912 40 945

ben.boiling@ads.no

About ADS Crude Carriers

ADS Crude Carriers Plc is a public limited company listed on the Merkur Market at the Oslo Stock Exchange (ticker ADSC-ME). The Company is incorporated and domiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway. The principal activities of the Company are operating tanker vessels in the global tanker market. The Company currently owns and operates a fleet of three VLCCs: ADS Page, ADS Stratus and ADS Serenade.

For more information, visit www.adscrude.com