ADS Maritime Holding Plc (“ADSMH” or “the Company”) has acquired a 10 % stake in two MR tankers and will act as disponent owner with primary responsibility for following up the owning companies’ activities related to the vessels.

The vessel Swift Omaha, to be renamed “UOG Oslo”, 46.100 dwt built 2010, is expected to be delivered late October 2022 and the intention is to employ her on a 2-year TC, where discussions are underway with major charterers. The vessel UOG Sparta, 49.999 dwt built 2009, will be delivered alongside Swift Omaha. UOG Sparta will be delivered in the Pacific and traded in the spot market. The Commercial Manager is evaluating the market to find the best possible charter contracts for the ships to maximize shareholders’ value.

The acquisition is part of the Company’s strategy of opportunistic growth in shipping, including the tanker market, where the Company during 2022 has taken positions within the Shuttle, VLCC and MR segments.

ADS Maritime Holding Plc press release