30 MAR 2016

Subsequent 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 announce the second MR ship STI Mythos was delivered and ownership was transferred to NCC on Tuesday, 29 March 2016 and the ship name was changed to (NCC Jood). The financial impact of this ship is expected during the second quarter of 2016