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Nordic Tankers is introduced on the Stock Exchange.
Nordic Tankers sets up a jointly controlled undertaking, Nordic Seaarland Tankers B.V., in conjunction with the Netherlands based Seaarland Shipping Management B.V., which is owned by the Italian shipping group, Zachello Group. In conjunction with the setting up of Nordic Seaarland Tankers B.V., two handy size product tankers were acquired by Seaarland Shipping Management B.V. in which the company and Marco Polo Seatrade B.V. (part of the Zachello Group) received an indirect holding of 75% and 25% respectively. Seaarland Shipping Management B.V. is responsible for the commercial and technical management of the vessels via its subsidiary Delfman Shipping B.V. The ships are in the handysize pool operated by Maersk Tankers. In December 2006 Nordic Seaarland Tankers B.V. orders another two handysize vessels for delivery in 2009. They are also expected to join the handysize pool. Nordic Tankers has an indirect 50% holding in these newbuildings.