Completion of sale of ADS Serenade

Oct 26, 2020

ADS Crude Carriers Plc ("ADSCC" or the "Company") has today delivered the vessel ADS Serenade to her new owners following the sale which was previously announced on 13 October.

Subsequently, the Company's debt is reduced by USD 9.9 million.

Sale of ADS Serenade

Oct 13, 2020

ADS Crude Carriers Plc has entered into a memorandum of agreement to sell the vessel ADS Serenade for a price of USD 25.5 million.

The vessel is expected to be delivered to the new owners before the end of October.

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.

ADS Crude Carriers Plc press release

VLCC "ADS Serenade". Image by ADS Crude Carriers Plc.