06 APR 2016

ubsequent to The National Shipping Company of Saudi Arabia (Bahri) announcement on 25 February 2016 that The National Chemical Carriers (subsidiary 80% owned by Bahri) signed a Memorandum of Agreement (MOA) to purchase five (5) second hand MRs ships; Bahri announces the third MR ship STI Chelsea was delivered and ownership was transferred to NCC on Wednesday, 06 April 2016 and the ship name was changed to (NCC Masa). The financial impact of this ship is expected during the second quarter of 2016