Gram Car Carriers ASA

Gram Car Carriers ASA restricts Red Sea passage

Oslo, 21 December 2023: Gram Car Carriers ASA ("GCC"), the world's third-largest

car carrier tonnage provider, prioritises the safety of its crew, cargo and

vessels.

The Company has notified charterers that its vessels are restricted from passing

through the Red Sea for the time being. This is due to the increased risk levels

in the area as reflected in the Norwegian Maritime Authority raising the

security level in the southern part of the Red Sea to the highest level.

GCC monitors the situation closely and will review and update this policy when

appropriate based on recommendations from relevant authorities.

For further information, please contact:

CEO Georg A. Whist

Head of Projects and IR Mas Gram

About Gram Car Carriers:

GCC is the world's third-largest tonnage provider within the Pure Car Truck

Carriers (PCTCs) segment with 19 owned vessels, across the Distribution, Mid

-size and Panamax segments. The Company serves as a trusted provider of high

-quality vessels and logistics solutions ensuring safe, efficient and punctual

shipment of vehicles for a network of clients comprising of major global and

regional PCTC operators. To lean more, please visit gramcar.com.

AI Terminal