New builds

It is with great pleasure we announce that Seatrans has entered into a long-term time charter agreement with purchase options for two newbuildings from Kitanihon Shipbuilding Co Ltd.

The new vessels are expected to be delivered in first and second half of 2023. The project is the result of almost one year of close cooperation between Japanese investors and Seatrans.

The chemical tankers will be built to the highest environmental, fuel-efficiency, and safety standards
in line with the company’s commitment to operating responsibly. The vessels will be in compliance
with IMO NOx Tier 3 and Sox emission requirements and follow the upcoming Energy Efficiency
Design Index (EEDI) Phase 3 compliance level.

The vessels are 12,500 deadweight advanced stainless steel chemical carriers with 18 segregations,
have thermal oil heating system installed and are fitted to carry propylene oxide. With a flexible
cargo tank figuration, these vessels will be perfect for our parcel trade between Northern Europe
and the Mediterranean.

With these additions, Seatrans Chemical Tankers are taking important steps to renew our fleet and
remain long-term committed to our existing and new customers.