Team Tankers International Ltd.: Application for delisting submitted to the Oslo Stock Exchange

Jul 16 2020

In accordance with the results of the Special General Meeting (the "SGM"), the Company has submitted an application for delisting to the Oslo Stock Exchange (the "OSE").

The Company cannot predict whether the OSE will grant the Company’s request to delist its common shares from the OSE, but in light of the reasons supporting a delisting, we believe that the Company’s request to delist will be accepted.

The Company has, in connection with the delisting process, decided to provide a trading update. Subject adjustments, following finalization of the quarterly review, the Q2 2020 TCE is expected to be approx. $14,675/day compared to the Q1 2020 TCE of $13,810/day. Time-Charter Equivalent (TCE): Shipping industry freight rates are commonly measured in terms of “time-charter equivalent” (or TCE) rates, which represent net revenues divided by revenue days.

Ardmore Shipping Corporation announces financial results for the three and six months ended June 30

(Jul 30 2020)

Ardmore Shipping Corporation ("Ardmore", the "Company" or "we") announced results for the three and six months ended June 30, 2020.

Third new major contract for Brunvoll!

(Jul 16 2020)

In a short time, and despite an ongoing pandemic, Brunvoll has secured a third major contract for the delivery of thruster systems to so-called DP2 Shuttle Tankers, which will operate, among other things, using Dynamic Positioning (DP).