12 MAR 2016

Subsequent to The National Shipping Company of Saudi Arabia (Bahri) announcement on 28 February 2016 regarding signing a Memorandum of Agreement (MoA) to purchase one (1) second hand VLCC; Bahri announce the VLCC Hanjin Ras Tanura was delivered and ownership was transferred to Bahri on Thursday, 10 March 2016 and the ship name was changed to (AWTAD). The financial impact of this vessel is expected during the second quarter of 2016.