Triton’s acquisition of Nordic Tankers’ chemical tanker activities is completed

Nordic Tankers and the activities in herning shipping comprise a leading global regional chemical tanker shipping company

30 April 2012 - In continuation of the company announcement of today from Nordic Shipholding A/S and Triton III's announcement as of 27 March 2012, the transfer of all chemical tanker activities in Nordic Tankers to the Triton III-owned company Nordic Tankers Holding AB has been completed after the conditions of the acquisition have been met.

The new Nordic Tankers is thus established. The company is organised with Nordic Tankers Holding AB as the owner of the activities in the new Nordic Tankers A/S and herning shipping A/S, respectively. In combination with the activities in herning shipping, Nordic Tankers becomes a leading global regional chemical tanker company with a joint operated fleet of more than 120 chemical tankers.

"Under a joint Nordic Tankers brand, the combined activities will have a leading position in the chemical tanker segment with a modern and high quality fleet with an average age of approximately five years. We can now commence the planned integration of our activities, and the combination of our joint competencies will benefit both customers and employees," says CEO at Nordic Tankers, Tommy Thomsen.

The management team in Nordic Tankers is comprised of CEO Tommy Thomsen and the four Senior Vice Presidents Mads Meldgaard, Christian Hassel, Claus Thornberg and Jesper Holmark, as well as Vice President Helle Bjerre.

The Company's Chairman will be Björn Nilsson who is a partner at Triton Advisers Limited and has held the Chairmanship at herning shipping since 2011.

For further information, please contact:
Tommy Thomsen, CEO, Nordic Tankers +45 40 32 36 30