No sale of Nordic Tankers tonnage

SHIPPING: According to stock exchange release no. 44 of 2 February 2009 by Nordic Tankers, the former Supervisory Board of Nordic Tankers A/S had endeavoured to sell tonnage and had lifted Board approval for sale/bareboat charter of the LR1 newbuilding and 1-2 chemical tankers.

The Supervisory Board of Nordic Tankers A/S is of the opinion that the company has not entered into any binding agreement on the sale of the above tonnage, and the board has informed the potential buyer with whom the former Supervisory Board had negotiations of this.

It has been definitively decided that the sale of the LR1 new building will not be completed. The Supervisory Board is still considering the case regarding the alleged sale of the two chemical tankers, and we will inform the market when the clarification process is over.

It appears from the company's stock exchange release no. 44 that the former Supervisory Board was of the opinion that the sale of the LR1 new building and the two chemical tankers would generate a positive return. However, according to the company's calculation, this is not correct.

Source: Nordic Tankers

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