North Sea Tankers are proud to announce that M/T Minitank 5 will join NST’s fleet. The vessel will be added to our V6 pool concept whereas the size criteria for Marine Line coated tonnage with high capacity Nitrogen Generators will be altered to 5,500mt to 8,000 mt DWs. NST’s fleet consist of 19 chemical vessels with  nine (9) trading in the pool concept with shared revenue distribution. With our growing cargo volumes this 8,084mt vessel will add to NST’s flexibility to perform a high quality service towards our COA partners and further safeguard NST’s continental tonnage commitment going forward.

Vessel details

M/T MINITANK 5

BLT 2007

8,084 DW ON 7.46 M DRAFT

LOA / BM 113.1M / 18.22 M

8790 CBM

NITROGEN GENERATOR FITTED

NST is operating the youngest and one of the largest European chemical fleet. We will continue our strive to further improve overall quality/operational flexibility and constantly balance our supply and demand with the right vessels creating a homogeneous fleet for the best possible utilization and service to our COA partners.

Sincerely,

North Sea Tankers BV

We are pleased to announce that M/T Ahmet Cihan (To be renamed M/T Northsea Pioneer) will join North Sea Tankers BV’s fleet during the course of next month.

The vessel’s young age, size and characteristics will further strengthen NST’s position in North West Europe, where we will continue to serve our customers to the highest possible standards by long term committed tonnage through partnerships, part ownership and chartered in tonnage. 

Vessel details

M/T AHMET CIHAN

BLT 2009

6250 TDW ON 6.4 M DRAFT

LOA / BM 121.62M / 16.00 M

14 MARINE LINE COATED TANKS OF ABT. 7200 CBM

NITROGEN GENERATOR FITTED

M/T Ahmet Cihan will together with our 5,500-7,000 DW segment tonnage M/T Bomar Mars, M/T Bomar Mercury, M/T Bomar Venus, M/T Bomar Ceres, M/T Bomar Pluto, M/T Eras and M/T Kardemir take the pool up to eight (8) vessels, trading in close synergy with the remaining fleet of a total of 18 vessels. All pool vessels are having similar characteristics for a full trading flexibility, which includes NST’s requirement for effective purging capability with the vessels’ own nitrogen system and good quality Marine Line cargo tank space. NST is operating the youngest European chemical fleet and we will continue our drive to further improve overall quality/operational flexibility and constantly balance our supply and demand with the right assets creating a homogeneous fleet for the best possible utilization.

We have agreed with Wappen Reederei for an early redelivery of one out of their three vessels, thus M/T Wappen von Nurnberg will be handed over to her owner in the end of this month. We thank Wappen Reederei for their contribution in NST’s development.  

Sincerely,

North Sea Tankers BV

We are pleased to announce that Janet Machielse will join North Sea Tankers BV, commencing on January 2^nd, 2013.
Having her in our chartering department will strengthen NST’s service level to our customers and assist us in our NW European market share development. Janet’s many years of specialized chemical short sea chartering experience, together with her excellent communication skills will further support our strategy with the ambition for being a constant reliable factor in the NW European chemical market.

NST operates 18 vessels today with a clear strategy to grow further, by offering the highest possible quality level on our vessels, serviced by first class quality employees to the market. With a strong and effective chartering department, together with quality support from operations and accounting, NST has the ability to make a difference. Providing a high service level towards customers, together with solid results generated to partners and investors in a very competitive/challenging market segment is our business model. NST’s chartering department’s experience and coordination ability is a clear contributor to our achievements during NST’s five year long company history. Adding Janet to our small chartering team consisting of five (5) individuals will provide an impressive 130 years (!) of specialized European chemical chartering experience to NST.

We hope that all our existing customers values NST’s commercial professionalism and that possible new clients will recognize the benefits of working closer with Janet, Hermien, Wouter, Gert-Jan and Niclas in North Sea Tankers BV’s hassle free service concept.    

We are looking forward to have Janet with us and hope for your continued support.

Contact details will be provided accordingly.

Sincerely,

North Sea Tankers BV

North Sea Tankers continues to build a strong homogenous/flexible fleet serving the NW European chemical/product market and our customers, with a long term strategy in place for trading fully approved quality vessels together with our long term tonnage partners.

We are very pleased to announce that our partner, Borealis Maritime Ltd has acquired additional tonnage which will join North Sea Tankers BV’s fleet. Two Marine Line coated vessels, M/T Bomar Sedna and M/T Bomar Eris are scheduled for arrival in September, which brings our partnership with Borealis Maritime to a total of seven (7) vessels, all built between 2006 and 2008, having Nitrogen Generators fitted and good Marine Line coated tanks.

VESSEL                 : Bomar Sedna 
IMO NUMBER:     : 9383651 
EX-NAME             : Ditte Theresa 
SDWT                     : 8025.44 MT
SDRAFT                : 7.613 m
LOA                        : 101.39 m
BEAM                    : 19.05 m
FLAG                     : Malta 
BUILT                    : Feb 21, 2008

VESSEL                 : Bomar Eris 
IMO NUMBER:     : 9383663 
EX-NAME             : Ruth Theresa 
SDWT                     : 7963.9 MT
SDRAFT                : 7.613 m
LOA                        : 101.39 m
BEAM                    : 19.05 m
FLAG                     : Malta 
BUILT                    : Apr 27, 2008

Thank you for your continuous support. 

Sincerely,

North Sea Tankers BV

We are pleased to announce that Mr. Farhaad Bhoelai has agreed to join North Sea Tankers BV’s accounting department, effective October 1st, 2012.
Farhaad bring many years of Chemical short sea accounting/systems experience with him from various operators. His background from the intensive and quality demanding European chemical short sea trade will further strengthen NST’s quality in the accounting/finance department. It will also support the company’s vision on generating the absolutely best possible service to our customers and tonnage partners.

North Sea Tankers BV’s operational systems, together with our experienced chemical personnel is the base and platform for our constant drive on operations excellence and further growth.

Farhaad’s contact details are as follows:

Tel. +31 (0)10 8920283
Accounting@northseatankers.com

we are looking forward to have him onboard and hope for your continued support.

We are pleased to announce that NST’s North West European pool concept (V6), has as of the 1^st of August added M/T Bomar Mercury 7,003 dwt to the pool fleet.

With this addition, the pool consist of seven (7) vessels with an aim to increase the pool fleet further with quality vessels.

The pool members and pool manager have with this additional vessel also agreed to stretch the pool criteria to include vessels having a DW slightly above/below the initially set parameters of 5,500-6,500 dwt.

The pool now consists of the following vessels:

M/T Bomar Pluto (Built 2008; DW 5,543mt), M/T Bomar Ceres (Built 2009; DW 5,517mt), M/T Kardemir (Built 2008; DW 5,717mt), M/T Eras (Built 2009; DW 5,717mt), M/T Bomar Mars (Built 2007; DW 6,167mt), M/T Bomar Venus (Built 2006; DW 6,167mt) and M/T Bomar Mercury (Built 2008; DW 7,003mt)

North Sea Tankers BV is acting as the pool manager and we are also participating as a pool member, in order to commit and ensure that the best possible commercial result for the pool is achieved.    

Technical Entry criteria for Pool vessels:

• 5,500 – 6,500 DWT ( increased up to 7,000mt) 
• Good to perfect Marine Line coating 
• 650-1000 cubm/hr N2 generator 
• Minimum 1 year, Maximum 12 year age profile 
• Minimum 70 degr. temperature requirement for cargo and cleaning 2 tanks simultaneously.
• Requirement on speed and consumption, with shaft generator
• Deepwell pumps with Min requirement of 10-14 segregations.
• Requirement on fixed cleaning machines and fixed ventilators
• EU Flag
• Bowthruster

As a strategic part of NST’s trade and tonnage development, we are pleased to announce the formation of NST’s North West European pool concept (V6), starting with six (6) vessels of similar characteristics.

The pool agreement has been jointly developed between the founding pool members and we would like to take the opportunity to thank Borealis Maritime for their contribution being an integral part in launching this pool together with North Sea Tankers.  

M/T Bomar Pluto

Built 2008; DW 5,543mt

M/T Bomar Ceres

Built 2009; DW 5,517mt

M/T Kardemir

Built 2008; DW 5,717mt

M/T Eras

Built 2009; DW 5,717mt

M/T Bomar Mars

Built 2007; DW 6,167mt

M/T Bomar Venus

Built 2006; DW 6,167mt

The vessels will trade in NWE having revenues being distributed equally between each pool partner’s vessel(s).

Having a transparent and simple, but strict entry criteria set for size, major oil company approval and basic equipment of the vessels to the pool means that we are able to operate an earning structure, without any income differences based on technical characteristics and equipment.

North Sea Tankers BV will act as the pool manager and also participate as a pool member in order to commit and ensure that the best possible commercial result for the pool is achieved.    

Technical Entry criteria for Pool vessels:

• 5,500 – 6,500 DWT 
• Good to perfect Marine Line coating 
• N2 generator 
• A set young age profile
• Temperature requirement for cargo and cleaning.
• Requirement on speed and consumption, with shaft generator
• Deepwell pumps with Min requirement of 10-14 segregations.
• Requirement on fixed cleaning machines and fixed ventilators
• EU Flag
• Bowthruster

 Thank you for your continuous support. 

We would like to take the opportunity to welcome two new valuable team members to North Sea Tankers.

Ms. Camille Philippe has joined to strengthen our operations services and Ms. Windee Wu has been employed as a new strong candidate in our accounting department. NST’s business module is rather clear and straight forward. The strong focus on service to our customers, tonnage partners and all other business partners is our strength and together with our operational expertise, NST can perform in areas where others will have difficulties. We will always aim for top quality with a superior service performance. To attract and retain the right individuals to our team is therefore a must.

We value:

• Safety and the Environment – An overriding commitment to health, safety, environmental responsibility and sustainable development.
• Integrity – Including doing what we say we will do.
• High Performance – The excitement and fulfillment of achieving superior business results and stretching our capabilities.
• Relationships – Having relationships which focus on the creation of value for all parties.
• The Courage to Lead Change – Accepting the responsibility to inspire and deliver positive change.
• Respect for Each Other – The embracing of diversity, enriched by openness, sharing, trust, teamwork and involvement.

 Thank you for your continuous support. 

We are proud to announce that NST’s esteemed tonnage partner Borealis Maritime will add vessel number four and five (M/T Bomar Pluto and M/T Bomar Ceres) to North Sea Tankers BV’s fleet consisting of 21 chemical tankers.

M/T Bomar Pluto will be delivered this coming weekend and her sister is scheduled for arrival next month.

M/T Bomar Pluto

Built 2008

DW 5,543mt

Cubic: 6,529m3 (98pct)

Coating: Marine Line

Flag: Malta

Port of Registry: Valetta

LOA:107.6m

Beam: 16.0m

Draft(s) 6.0m

GRT 3,987mt

NRT 1,846mt

Nitrogen Generator fitted

M/T Bomar Ceres

Built 2009

DW 5,517mt

Cubic: 6,562m3 (98pct)

Coating: Marine Line

Flag: Malta

Port of Registry: Valetta

LOA:107.0m

Beam: 16.0m

Draft(s) 6.0m

GRT 3,997mt

NRT 1,846mt

Nitrogen Generator fitted

Eight vessels in NST’s fleet with similar size/characteristics built 2006-2009, all having Nitrogen generators and Marine Line coating (M/T Bomar Pluto, M/T Bomar Ceres, M/T Eras, M/T Kardemir, M/T Bomar Mars, M/T Bomar Mercury, M/T Bomar Venus, and M/T Cappadocian) will form the backbone of our inter European trade development.  

The continuous strong support from Borealis Maritime and our other tonnage partners Bakri Navigation, Pyxis Maritime, Pallas Shipping, NBZ, Unifleet, Wappen Reederei and ICDAS is providing the foundation for NST’s business module, where we can continue to build our long term strategy for serving the NW European market and our customers with the highest possible operational flexibility. To trade one of the largest and the youngest European Chemical fleet, with fully approved quality vessels will certainly place North Sea Tankers in a strong position going forward in Europe.

Thank you for your support. 

We are pleased to announce that M/T Eras (5,717 dwt) will join North Sea Tankers BV’s fleet as of mid April.

Vessel details

Name:             M/T Eras

DWs:               5,717.1mt

Cubm:             6,291 (98%)

LOA:                  105.5m

Beam:                 16.8m

Flag:                   Malta

Built:                   2008

Class:                 NKK

Segr.:                  12

Coating:            Marine Line

The vessel’s young age, size and characteristics will further strengthen NST’s position and market share in North West Europe and the West Mediterranean, where we will continue to serve our customers' various requirements to the highest possible standards. 

M/T Eras’s will together with our 5,500-7,000 DW segment vessels M/T Kardemir, M/T Bomar Mars, M/T Bomar Mercury, M/T Bomar Venus, M/T NST Amalia, M/T Cappadocian form a strategic part of our service development to the NW European market with fully approved young vessels, equipped with nitrogen generators and the highest level of operational equipment onboard.

NST is trading the youngest European chemical fleet, with 20 vessels in service, having a size range of 2,000mt to 8,500mt dw. We will continue our drive to further improve overall quality and operational flexibility towards our customers with NST’s growing fleet.

Sincerely,

North Sea Tankers BV

It’s our pleasure to announce that M/T Kardemir (5,717 dwt) will be delivered in to North Sea Tankers BV’s fleet during the course of next month.

The vessel will together with our base fleet of fully approved 5,500-7,000 dwt vessels form a strategic part of our market development in NW Europe with our growing fleet.

 With M/T Kardemir’s arrival, North Sea Tankers continues on the set strategy to become one of the largest operators trading the youngest quality chemical fleet in Europe.

 Vessel details

 Name:             Kardemir

DWs:                5,717.1mt

Cubm:             6,291 (98%)

LOA:                105.5m

Beam:             16.8m

Flag:                Malta

Built:                2008

Class                NKK

Segr.:               12

Coating:           Marine Line

NST is growing as a company and it’s imperative that we continuously strive on development of our service level towards customers, tonnage partners and market at large.

Effective immediately, Jeroen Leenderts will take on the role as operations supervisor in NST’s operations department.He will be responsible for coordination and planning in the department and make sure that procedures and policies are followed accordingly.

Martin De Klerk will as of Monday, move over from operations to the chartering department and develop his skills in a new area. With his positive/hard working attitude, superior shipping knowledge and strong communication skills, we’re confident that he will find a natural entry in to the minefield of the world of chartering. 

Please join me in congratulating Jeroen and Martin for the appointments and we wish them all the success in their new roles.  

Martin’s contact details:

Office +31 (0)10 8920283
Mobil +31 (0)6 13149209
Yahoo id: nst_martink

Jeroen’s contact details:

Office +31 (0)10 8920314
Mobil +31 (0)6 50516296
Yahoo id: nst_jeroen

We are pleased to announce the latest addition to our fleet, M/T Bomar Mercury (Ex. Görkem Bey), recently purchased by North Sea Tankers tonnage partner Borealis Maritime Ltd. The delivery to NST is expected for the second week of September and M/T Bomar Mercury will be Borealis Maritime’s third vessel committed to our fleet.

M/T Bomar Mercury
Built 2008
IMO Number: 9428889
DWT 7,003 mt
14 segregations
Marine Line coated
LOA 119.60 m
Beam 16.80 m
Draft (s) 6.748 m
Nitrogen Generator                                         

The vessel’s young age, size and characteristics will further strengthen NST’s position/market share in North West Europe and the West Mediterranean, where we will continue to serve our customers' various requirements to the highest possible standards. 

NST is trading the youngest European chemical fleet, with 21 vessels in service (131,295dwt) having a size range of 2,000mt to 8,500mt dw. We will continue our drive to further improve overall quality and operational flexibility towards our customers with NST’s growing fleet.

We are pleased to announce that Mr. Robert van Hees has joined North Sea Tankers’ operations department, effective May 1st, 2011. Robert’s background, with a solid tanker agency experience in the Benelux area will strengthen our organization further and support the company’s commitment to service and operational quality in the NW European chemical field.

Our operational systems, together with professional and experienced team members are the platform for our constant drive on operations excellence and superior service to our customers.

Robert’s contact details are as follows:

Tel. +31 (0)10 8920359
Mob. +32 (0)479 904603
rvh@northseatankers.com
ops@northseatankers.com

we are looking forward to have Robert onboard and hope for your continued support.

It’s our pleasure to announce that M/T Global Sun ( 4,400 dwt) has been delivered to North Sea Tankers and is on her way to Europe. The ship, a sister to M/T Global Earth and M/T Global Moon is the third vessel in a series of four and she will, together with her sisters form a strategic part of our COA development in NW Europe.

With M/T Global Sun’s arrival, being the 22^nd vessel in our fleet, North Sea Tankers continues on the strategy to become one of the largest operators trading the youngest quality chemical fleet in Europe. The vessel will be the 5^th vessel  technically managed by North Sea Tanker Management BV. An additional 7 ships will be delivered during 2011 and 2012 to NST and NSTM.

We are pleased to announce that M/T Global River is now delivered to NST and is on the way to Europe. The vessel, a sister ship to M/T Global Sea (mentioned in “Significant ships of 2010”) is the 2^nd 7,500 tonner in a series of four. The vessel has the highest possible environmental notation from class with a “clean ship super” notation and “conf noise” notation. Having two main engines, two controllable pitch propellers, two Becker rudders and a powerful bow thruster will provide a superior maneuverability in ports. 20 cargo tanks with separate line systems, cofferdams and two separate heating systems will ensure safe carriage conditions for a full range of chemical products, including semi-gases such as propylene oxide, pentane and isoprene. Ice class 1A, fully insulated cargo systems and heat traced lines will facilitate trading in cold and icy conditions. 

At the same time we would like to take the opportunity and announce that M/T Global Sea, M/T Global Earth and M/T Global Moon have just completed the operations with change in to Dutch flag, registered in Rotterdam. The vessels have undergone necessary operational changes/upgrading and are now all participating in our European market share development.  

With M/T Global River’s arrival, being the 21^st vessel in our fleet, North Sea Tankers continues on the strategy to become one of the largest operators trading the youngest quality chemical fleet in Europe together with our tonnage partners and selected partnerships with technical quality management concepts, mainly through Wappen Reederei GmbH & Co.KG Hamburg, Bernhard Schulte Ship management (Deutschland) GmbH & Co.KG Hamburg and North Sea Tanker Management BV Rotterdam.

We are proud to announce that Wappen Reederei GmbH & Co. KG, Hamburg, as Owners, Poseidon Schiffahrt GmbH, Hamburg, as Commercial Managers, and North Sea Tankers BV, Krimpen aan de Ijssel have reached an agreement that the four WAPPEN-Tankers "WAPPEN VON AUGSBURG", "WAPPEN VON DRESDEN", "WAPPEN VON NÜRNBERG" and "WAPPEN VON FLENSBURG" will be employed under an exclusive Broker Agreement with North Sea Tankers BV for employment in the North West European trade. The four vessels will be handed over to NST in the course of the 2nd Quarter of 2011. With the combined efforts of NST in the European trade and the long haul oriented trade lanes of POSEIDON for the remaining eight WAPPEN-Tankers, all three partners aim to jointly exploit the possibilities of the chemical, product and vegetable oil markets to the benefit of the WAPPEN-fleet in today's challenging market conditions. 

Poseidon and NST are jointly looking forward to the continued good support of their broad customer base.

For further questions kindly get in touch with us:

Wappen-Reederei GmbH & Co. KG
Tel. +49 40 380881-3
info@wappen-reederei.de
www.wappen-reederei.de

Poseidon Schiffahrt GmbH
Tel. +49 40 300-0
chemical@poseidon.de 
www.poseidon.de

North Sea Tankers BV
Tel. +31 108920231
nst@northseatankers.com
www.northseatankers.com

With these four vessels, NST will trade the youngest medium sized European chemical fleet, consisting of 20 quality vessels with a DW range stretch between 2,000mt and 8,500mt.

We will continue our drive to further improve overall quality and operational flexibility towards our customers together with our 7^th tonnage partner Wappen Reederei GmbH & Co.

We are pleased to announce that Mr. Martin de Klerk has agreed to join North Sea Tankers as an operations specialist, effective March 1st, 2011.
Martin brings with him many years of hands-on chemical operation experience. His background with operations in the liquid field, short/deep sea dry cargo, mineral oil barging, agency, cargo surveyor,  will strengthen our operations team and support the company’s strategy going forward, to become one of the largest European quality operators, with the aim of creating the highest possible performance service to our customers and tonnage partners.

North Sea Tankers is today operating 16 chemical vessels. Our operational systems, together with experienced chemical operations/chartering personnel is the base and platform for our constant drive on operations excellence and further growth, having a large/young quality fleet available to our customers for many years to come.

Martin’s contact details are as follows:

Tel. +31 (0)10 8920283
Mob. TBA
mdk@northseatankers.com
ops@northseatankers.com

we are looking forward to have Martin onboard and hope for your continues support.

We are pleased to announce that North Sea Tankers has entered in to a partnership with Borealis Maritime Ltd which is our 6^th tonnage partner.

Borealis Maritime Ltd, an Investment and Ship Management firm involved in various shipping segments with comprehensive experience in marine investments and finance structures, combined with knowledge in the commercial and technical management of maritime assets. The principals and staff of the company bring along extensive hands-on experience within the ship owning, ship investment, ship finance and ship management sectors, and can draw on an extensive global network built up over 20 years.

Our latest tonnage partner will commit two vessels to North Sea Tankers BV for our European chemical fleet development. Their first vessel, M/T Bomar Mars is scheduled for delivery ex Rotterdam in the end of next week and the second vessel, M/T Bomar Venus is expected to be delivered by the last week of February.  Both vessels will be commercially managed by North Sea Tankers BV for employment between North West Europe and the West Mediterranean.

M/T Bomar Mars            M/T Bomar Venus

Built 2007                Built 2006

IMO Number: 9377030       IMO Number : 9374014

DWs 6,167mt               DWs 6,064mt

14 segregations           14 segregations

Marine Line coated        Marine Line coated

LOA 107 m                 LOA 107 m

Beam 15.80 m              Beam 15.80 m

Draft (s) 6.58 m          Draft (s) 6.49 m

M/T Bomar Venus and M/T Bomar Mars with their young age is a strategic part of North Sea Tankers BV’s market share development. The size and characteristics of the vessels is an important factor in our strategy to become one of the largest NW European chemical operators, having the youngest fleet for a full coverage of our customers' various requirements of different chemicals/products and logistic concepts. 

With these two vessels NST will trade the youngest medium sized European chemical fleet, consisting of 16 vessels having a DW ranging between 2,000mt and 8,500mt. We will continue our drive to further improve overall quality and operational flexibility towards our customers together with Borealis Maritime Ltd and our other quality tonnage partners.

We are pleased to announce that Gert-Jan Kaptein has joined NST’s Chartering department, effective 1st of December, 2010.
   
Today, North Sea Tankers fleet consist of 14 chemical tankers trading in Europe and the Western Mediterranean ranging from 2,000mt to 8,500mt DW. Our new building program is progressing as per plan with three out of twelve vessels delivered. NST recognizes the fact that our customers and contract partners require a trouble free logistics and in order to constantly deliver a reliable, flexible and user friendly service, we are committed on recruiting the right individuals, who we know will create value to our existing and future relationships.

Gert-Jan Kaptein’s detailed knowledge in shipping will assist NST in our constant drive in building high quality systems and integrated services towards the European chemical market. His deep commercial experience in the Sophisticated European chemical tanker segment will further support our business strategy to become one of the largest quality operators in Europe.
Gert-Jan’s contact details are as follows:
Tel.               +31 (0)10 8080581
Mob.               +31 (0)6 10992851
Email:             gjk@northseatankers.com
                                                   nst@northseatankers.com

Tanel Härma will leave us to pursue his career elsewhere. We thank him for his efforts and wish him the best of luck in the future.

Please join us welcoming Gert-Jan onboard and thank you for your time and support.

We are pleased to announce that North Sea Tankers tonnage partner, Pallas Group has signed an option for a second new building (tanker) from a Turkish yard.

Pallas Shipping is today operating two vessels, M/T Pallas Ocean employed in the dry cargo sector and M/T Pallas Glory, a 3,467mt dw chemical tanker trading in the NST fleet.

The ordered new buildings are specially designed for short sea trading, equipped with two main engines and two propellers with the highest possible environmental notification from class. Both vessels will be employed in Scandinavian waters and the first vessel which will be delivered in the summer of 2011 is committed on a long term time charter to a Scandinavian Oil company. The second vessel ordered with the same specification and price will be delivered in the autumn of 2011, if the option is declared.

Pallas shipping, a subsidy to Pallas Group AB is listed on Nasdaq OMX, Stockholm.

We are pleased to announce that M/T Atagun (Dw 2,147mt), built 2008 will join the NST fleet in the course of October, 2010.
With this latest edition to our fleet, North Sea Tankers will trade 15 chemical tankers, ranging from 2,150 to 8,600mtdw, having a total fleet dead weight of 87,060mt.

 M/T Atagun's arrival, with a new technical management in place will add to NST's growth strategy, with quality chemical tonnage and our aim of having the youngest European age profile trading for our customers.
The vessel will further strengthen our continental fleet development with her ship characteristics, operational flexibility and her petit size, having 11 marine line coated segregations available on 2,443 cubic meter capacity.
For North Sea Tankers to have the capacity to cover the full range of chemicals ad petroleum products on different sized vessels and being suitable for all various requirements and ports, will enhance our position and service level towards our customers.

 We are looking forward of having one of the largest and youngest European chemical fleet to serve our COA customers for many years to come. Today with NST's existing fleet, the average age profile is 2.2 years and this number will be reduced further with the addition of nine (9) more new buildings scheduled for delivery at the end of 2010 through 2011.    

M/T Atagun

Built 2008
DW 2,147mt
Cubic 2,443 (98pct)
11 Segregations
Marine Line
Flag: EU, Malta
Port of Registry: Valetta
LOA 78.02m
Beam 12.0m
Draft (s) 4.6m
GRT 1,543
NRT 701

We are proud to announce that North Sea Tankers has entered in to a tonnage partnership with PYXIS MARITIME Corp.

PYXIS MARITIME CORP., incorporated in the Marshall Islands, with commercial and technical operations managed form Athens was founded in May 2007.

Today the company manages and operates a fleet of MR tankers and now also two new built 8,300mt DW chemical/CPP vessels which will be commercially managed by North Sea Tankers BV.

North Sea Tankers will with these two vessels commercially manage a fleet of 14 chemical vessels with a DW ranging from 3,500mt to 8,000mt in NW Europe.

M/T Pyxis Alpha and M/T Pyxis Beta will form an important and strategic part of our market share development in the European chemical and clean petroleum sector. The size and characteristics of the vessels will enhance our flexibility and strengthen our existing fleet structure, where NST will be able to cover a larger part of our customers' various requirements and logistic concepts. With these 2 vessels, NST's will trade five (5) vessels on the CONTINENT having a cubic exceeding 9,000cubic meter:

M/T Pyxis Alpha and M/T Pyxis Beta;                                 
LOA 110m, Beam 18.60m, Draft (s) 7.8m, DWT 8615mt, cubic 9862 m3

M/T Al Mahboobah, M/T Al Zarandi and M/T Israa;     
LOA 101m, Beam 19.25m, Draft (s) 7.0m, DWT 7281mt, cubic 9246 m3

Having a large/wide DW range on our vessels and a fleet structure which provides our customers with a superior operational flexibility is part of NST's strategy going forward. These five vessels with a suitable cubic/DW ratio, allowing full DW lifting on cargoes with Sp.GR of 0.79 to 0.87 will be accessible for our customers' larger parcel sizes, for a solid combination of specialty chemicals, commodity chemicals and clean petroleum products (CPP).

With this latest addition to the fleet, NST's will continue on our strategy to trade the youngest medium sized European chemical fleet. We will continue our drive to further improve overall quality and operational flexibility towards our customers together with Pyxis Maritime Corp and our other quality tonnage partners.

North Sea Tankers' fleet development is progressing as per set strategy. Three out of twelve contracted new buildings for our tonnage partner Unifleet BV are now trading in the NST fleet. M/T Global Earth, M/T Global Moon and M/T Global Sea are today technically managed by North Sea Tanker Management (NSTM).

For the ongoing continuity of seagoing and shore based personnel, we are on behalf of North Sea Tanker Management pleased to announce that NSTM will take over the vessel technical management staff from Chemical Tankers Europe (CTE), effective Monday August 2, 2010.

Capt. D. van Wolferen and his team, will be joined by all technical, QA, Crewing and accounting staff members from CTE, and the teams will effectively be integrated as one solid base team for the management of Unifleet's new building program.

We are very happy to have Farhaad Bhoelai, Bart Heijne, Leonie Waardeloo, Ronald de Waal, Karel Vinke and Kris Kasper onboard and looking forward to continue our building process with quality personnel.

In our operations department, Rob van der Tuijn will leave us to pursue his career elsewhere. We thank him for his efforts and wish him the best of luck in the future.

Mr. Murat Erenli, an MBA graduate in Finance & Supply Chain Management will replace him with commencement as of September the 1st. Murat comes with a broad background of ship operations experience mixed with good computer knowledge and research/financial shipping analyst experience. His duties will consist of ship operations tasks together with research and commercial reporting functions, in line with NST's quality standard.  

Sincerely,

Nick Kappelin

We are pleased to announce that North Sea Tankers has entered in to a tonnage partnership with Bakri Navigation Company Limited.

Bakri Navigation Company Ltd. (BNC), based in Jeddah/Saudi Arabia was established in 1973 and has since the early 70^th been operating Panamax tankers, Aframax tankers, Suezmax tankers, Very Large Crude tankers (VLCC), chemical tankers, bunker vessels, storage barges and service/supply vessels. 

During the 37 years of its activity, BNC has obtained an international recognition for its services in the field of shipping and liquid transportation, thus their long term commitment to safety and quality will make them a very welcomed partner to North Sea Tankers. 

Bakri Navigation Company will commit a series of three new buildings (7,400DW) to North Sea Tankers and our European chemical fleet development. Their first vessel, M/T Al Mahboobah is scheduled for delivery ex Quindao during the second week of August this year. The vessel will be commercially managed by North Sea Tankers BV and marketed between North West Europe and the West Mediterranean.

M/T Al Mahboobah

Built 2010

IMO Number: 9555084

DWs 7,414mt

LOA 101m

Beam 19.05m

Draft (s) 6.70m

M/T Al Mahboobah will immediately be positioned into Europe and be a strategic part of our market share development. The size and characteristics of the vessel will be an important factor in our strategy to cover all our customers' various requirements for a full range of different products and logistic concepts. 

With this latest addition to the fleet, NST's will trade the youngest medium sized European chemical fleet, consisting of vessels having a DW ranging between 3,500mt up to 7,500mt. We will continue our drive to further improve overall quality and operational flexibility towards our customers together with Bakri Navigation Company and our other quality tonnage partners.

North Sea Tankers' fleet growth is progressing with 8 ships trading in Europe today. We are pleased to announce the arrival of New Buildings M/T Global Sea (7,500dwt) and M/T Global Moon (4,500dwt), which will take the fleet up to 10 vessels. The vessels are load ready in the beginning of July and will be positioned to Europe to support our strategy going forward, to become one of the larger established European operators.

With NST's aim to constantly deliver a satisfactory service and trouble free logistics to our customers, we are committed on building up our operations and chartering department by recruiting the right individuals.

We are therefore pleased to announce the following additional team members of North Sea Tankers BV:

Mr. Pascal Wiegmann (Operations):

His many years of experience in the specialized chemical operations field will fit our team development concept and elevate the operational standard, to cope with additional tonnage. We are confident that his knowledge and operational dedication will be a welcomed asset towards our customers and partners to support our company vision going forward, i.e. that our tonnage providers and customers are benefiting from our business relations.

Pascal will join NST starting September 1st.

Ms. Monica Fabiani (Customer Care representative):

Her broad experience in customer care and logistics management will assist NST in our drive for building up a portfolio of high quality systems and integrated services towards customers and tonnage partners. NST will continue to develop a broad range of services and remain a high performance organization, thus the implemented customer service role will benefit our strategy in this respect. - Starting June 2010.

Mr. Tanel Härma (Chartering):

His commercial experience in the specialized European tanker field, with involvement in both the CPP and Chemical segment will support our business strategy going forward by trading a larger fleet. North Sea Tankers' market share development is based on a rigid structure, building relationships which focus on the creation of value for all parties. Tanel's experience, name and reputation will assist NST to reach our goals.

Tanel will start in the NST office in Krimpen aan den IJssel on August 9th.

Please join us wishing our new team members welcome onboard, but also thank you for your time and support.

Sincerely,

Nick Kappelin

Below picture : The current state of three vessels of the 7.500 DWT class: Global Sea and Global River and the superstructure of Global Ocean between these 2 vessels.
Below that, a picture of Global River and Global Ocean.

We are pleased to announce that M/T Trans Alina (Dw 5,060mt), built 2001 will join the NST fleet as of April 30, 2010. With M/T Trans Alina, NST will as of May trade eight (8) chemical vessels in the region NW Europe to West Mediterranean, having a total dead weight of 34,700mt. 

With her European trading history, vessel characteristics of 17 tanks and a superior operational flexibility, she will definitely be a welcomed asset to our fleet.
Later this year, M/T Trans Alina will be joined by the first two (2) out of four (4) new stainless steel 5,000mt dw vessels under construction.

Having five (5) young sophisticated duplex stainless steel vessels in service will further enhance NST's position and service level towards our customers.
The NST fleet will also within a few weeks be joined by M/T Global Moon (4500mtdw) and Global Sea (7,500mtdw) taking the fleet up to ten (10) vessels before the summer.
We are looking forward of having one of the largest and youngest European chemical fleet to serve our COA customers for many years to come.

M/T Trans Alina
---------------
Built 2001
DWT 5,060mt
Cubic 5,239 (98pct)
Stainless Steel
Flag: EU, British
Port of Registry: Gibraltar
LOA 99.35m
Beam 15.3m
Draft (s) 6.25m
GRT 3,441
NRT 1,449

On the 18th of March 2010, Global Ocean was launched at Taixing Ganghua Shipyard. She is the third vessel in a series of 4 sophisticated 7500 DWT Chemical tankers presently under construction.

Global Ocean and her 3 sisters has MarineLine Tank coating. All the vessels of this series are fitted with twin screw propulsion, they come with the highest environmental class and have possibilities of both hot water and thermal oil heating, depending on the cargo to be carried.

Global Ocean is expected to enter in to NST's service during the fourth quarter of 2010. The last vessel in the series, Global Lake, is expected to be delivered first quarter 2011.

Below picture shows first block of M/T Global Taurus, installed on the slipway. Global Taurus is the first vessel of 4 identical Duplex Stainless Steel sisterships. The other 3 vessels will be named Global Gemini, Global Libra and Global Aquarius.

M/T Global Taurus is expected to go into service fourth quarter of 2010, whereafter the next three vessels will be delivered with 3 months intervals, with all vessels of this series delivered end of third quarter 2011.

M/T Global Sea was delivered to owners on this day. The vessel will leave the shipyard in China just after Chinese newyear approx mid March.

We expect the vessel in Europe Mid May this year, to join the rest of the fleet.

North Sea Tankers are pleased to announce that the first New Building, M/T Global Earth (DW 4,387mt) was this morning delivered from Yangzhou/China to her rightful owner.
The vessel is fixed for her first voyage and will arrive NW Europe in the 1^st half of March 2010 where she will join the rest of the NST fleet.

M/T Global Earth is the first out of twelve (12) new buildings which will enter our service, taking the NST fleet to nineteen (19) vessels by the end of the new building program for completion in the early part of 2011. Nine (9) more new buildings are expected to be delivered during 2010.

All vessels are built under supervision by our tonnage partner's in-house site management team in China to the highest possible quality/standard. They are all supplied with European operational equipment suitable for the demanding European trade, including Nitrogen generators, twin-screw propulsion plants and certified with the highest possible environmental notification.

M/T Global Earth will be technically managed by North Sea Tanker Management (NSTM) and we would like to take the opportunity to congratulate our technical colleagues to a job well done and best wishes for the first vessel.

The next three (3) vessels; M/T Global Sea, M/T Global River and M/T Global Moon are now in the water with ongoing River/sea trials and deliveries are expected in January-March.

M/T Global Earth
Built 2009, DW 4,387mt, Cubic 4,800 (98pct), Coating Marine Line
Flag: EU, British, Port of Registry: Gibraltar
LOA 93.0m, Beam 15.2m, Draft (s) 5.8m
Nitrogen Generator fitted

We are happy to announce that the construction of the 4 x 7.500 DWT Chemical Tankers in China is going smoothly. The pictures below show the first and the second of this series: M/T "Global Sea" and M/T "Global River".

Both vessels will be delivered to owners in the first quarter of 2010.

We are pleased to announce a new partnership with Samho Shipping, where North Sea Tankers will be the European representation for Samho Shipping's Chemical fleet.

North Sea Tankers will as of today take control of all marketing/chartering matters for the Samho fleet in Europe, in what is to be a new and long term commitment to the European deep sea markets.

This new partnership will endeavour to establish Samho Shipping as a service provider to the European export markets building long lasting relations through high quality standards and a professional approach.

Coupled with North Sea Tankers regional expertise and coverage, Samho and North Sea Tankers will be able to provide 'all in' logistical solutions to its valued customers.

We are pleased to announce that North Sea Tankers has entered in to a tonnage partnership with Pallas Shipping AB.

The Pallas group, based in Gothenburg/Sweden has since 2006 been involved in various shipping projects with ownership of dry cargo and bunker tankers.

M/T Pallas Glory, the group's first chemical tanker has now been acquired and the vessel will be commercially managed by North Sea Tankers.

M/T Pallas Glory
Ex Name: M/T Else Theresa
Built: 2005
DWs: 3,476mt
Cubic: 4,087 (98pct)
Coating: Marine Line
Flag: EU
Port of Registry: Gibraltar
LOA 92.86m
Beam 14.10m
Draft (s) 5.7m
GRT 2,611
NRT 1,135

With this latest edition to the fleet, NST will trade six chemical vessels with a DW ranging between 3,500mt up to 6,850mt.

M/T Pallas Glory will first undergo a program of necessary operational adjustments and technical upgrading for her intended upcoming chemical trade. She is expected to be load ready in the first week of December.

North Sea Tankers have the focus is set on improving overall quality and operational flexibility towards our customers, thus M/T Pallas Glory will be a valuable asset to our growing fleet.

The size and characteristics of the vessel will be an important factor in our upcoming trade development, where NST will make sure that we can cover all our customers' various requirements for a full range of different logistic concepts. 

Below pictures were taken this week and show that the construction first of the 5000 DWT Chemical tankers on order is underway.

We are today pleased to announce that Mr. Rob van der Tuijn  has agreed to join North Sea Tankers as operations specialist, effective December 1^st, 2009.

With NST's growth, having the first (out of 12) new building being delivered within one month, we are looking forward to have Rob onboard.

His many years of experience in the chemical operation field will support our strategy going forward, to become one of the larger established operators,

with a young quality fleet available to our customers needs for many years to come.  

Having a strong knowledgeable operations department, we will be able to comply with our commitment to continue the drive towards a high performance organization.

Our target is set on quality and we will make sure that North Sea Tankers deliver their promises on value to all customers, tonnage providers, community,

share holders and personnel.

North Sea Tankers fleet development is progressing with 6 ships trading today and the first, out of twelve new buildings will arrive shortly.

We are developing a user friendly business module to our customers and for this purpose we will recruit the right individuals, who we know can relay the NST vision to the industry in a simple, effective and transparent way.

NST recognizes the fact that our customers and contract partners require a trouble free logistics and our aim is to constantly deliver a satisfactory service.

The chemical tanker industry is a complex logistics module where no company can live on their brand name with old merits. In today’s climate, service providers will compete on equal terms with quality, service price, reliability, user friendliness, flexibility etc., thus the human touch and an elevated knowledge is more important than ever before.

We are therefore proud to announce that Mr. Wouter Breel has joined NST’s Chartering department, effective October 1st, 2009.

His background, experience and personality will be very valuable in times when we are moving in to the next phase of our business development strategy, to service our customers with more contracts of affreightments with a larger fleet.

Wouter Breel’s contact details are as follows:

Tel.    +31 (0)10 8920316

Mob.    +31 (0)6 20656239

Email:  wb@northseatankers.com

nst@northseatankers.com

North Sea Tankers are pleased to announce that M/T Natasja Theresa is now officially renamed to NST Natasja. She has undergone some operational

upgrading and is now the second vessel in the NST fleet fitted with a Nitrogen generator.

M/T Leoni Theresa is the next vessel in line to undergo operational upgrading, DWs change from 4,226mt to 4,580.75mt, name change (NST Leoni)

and to be fitted with a N2 generator. The work will start this week and we expect to be completed in 2-2.5 weeks time.   

M/T Amalia Theresa (to be renamed NST Amalia) will follow her two sisters and is expected to be fitted with a N2 generator week 38-40.

To fit all vessels with Nitrogen generators is part of North Sea Tankers strategy for building, managing and developing high quality systems in

compliance with terminal and customer requirements to the highest service level and safety criteria.

We are proud to announce that M/T Leoni Theresa (Dw 4,226mt), built 2006 will join the NST fleet as of next week.

With the latest edition to the fleet, NST will trade five chemical vessels with a DW ranging between 4,200mt up to 6,850mt.

Upon delivery, the vessel will go through a name change to NST Leoni, plus undergo some technical upgrading, including installation of a Nitrogen generator in order to prepare her for the intended chemical trade together with the rest of the fleet.

M/T NST Leoni will support NST’s growth strategy and she will be a valuable asset in our European trade development.

The characteristics of the vessel will further enhance NST’s service towards our customers where we commit to the fact that quality, flexibility and reliability is imperative for any logistics service.

North Sea Tankers strategy of trading a young approved chemical fleet in Europe is under continuous development and with M/T NST Leoni’s arrival the average age profile is 3.5 years. Having our new 12 buildings starting to enter within shortly, we are looking forward of having the youngest European chemical fleet that will serve our COA customers for many years.

M/T Leoni Theresa

------------

Built 2006

DW 4,226mt

Cubic 4,350 (98pct)

Coating Marine Line

Flag: EU, British

Port of Registry: Gibraltar

LOA 90.0m

Beam 15.2m

Draft (s) 5.6m

GRT 2,906

NRT 1,250

Effective as of August 1^st, 2009, North Sea Tankers will commercially manage M/T Pacific Dhow.

With NST’s growth strategy and target to operate a large, young chemical fleet in Europe, M/T Pacific Dhow will be an important factor in our trade development going forward.

The vessel will undergo a program with necessary changes, involving her trade, vetting, operational adjustments/upgrading, a new EU Flag and a name change to M/T Hermien.

With the focus set on improving overall quality and flexibility, M/T Hermien will be a welcomed asset to our growing fleet and we are looking forward to have her onboard.

M/T Hermien

------------

Built 2005

DW 4,837mt

Cubic 5,619 (98pct)

Coating Phenolic, Epoxy

Flag: Hong Kong

Port of Registry: Hong Kong

LOA 102.9m

Beam 15.6m

Draft (s) 6.0m

GRT 3,466

NRT 1,577

We are pleased to announce that North Sea Tanker Management BV has today received the Document of Compliance for oil and chemical tankers by the Gibraltar Administration.

The certificate documents that North Sea Tanker Management BV implements a Safety Management System, to comply with national and international required standards for the safe operation of ships and pollution prevention. The Safety Management System covers all aspects of shipboard operations, including crew qualifications, crew training, vessel maintenance, and emergency procedures as well as internal audits.

Fleet manager, Capt. D. van Wolferen and his team has by this reached an important milestone in North Sea Tanker Management’s aim to become a quality manager for chemical tonnage operated by North Sea Tankers.

North Sea Tanker Management consist of following personnel led by Fleet Manager Capt. D. van Wolferen.

-Technical Superintendent

-Marine Superintendent

-Crewing Manager

-Crewing officers

With the delivery of North Sea Tankers new buildings, North Sea Tanker Management are prepared for growth and quality development of our new fleet.

North Sea Tankers trade development is progressing as per strategy set. In addition to adding quality tonnage to our fleet, we are also building up the personnel base with professionals from the chemical shipping industry, who we believe will create the right value to our customers and partners. On the personnel front, NST’s vision for creating value is rather clear and we are successful in doing this when;

-Every employee starts each day with a sense of purpose and ends each day with a sense of accomplishment.

We are today pleased to announce that Mr. Jeroen Leenderts has joined NST as operations specialist, effective July 1^st, 2009.

Jeroen brings many years of hands-on chemical operation knowledge with him, having lately been employed as a ship operator in the chemical field, with a further 9 years sailing experience on chemical tonnage in NW Europe.

His background and experience level will set the direction for NST’s future operational development. Our operational systems will support further growth of our fleet with the aim of creating a high performance service to our customers.

His contact details are as follows:

Tel. +31 (0)10 8920314

Mob. +31 (0)6 50516296

Email:jl@northseatankers.com

nst@northseatankers.com

We are pleased to announce that M/T Amalia Theresa will trade under NST’s commercial management as of the 2^nd week of July.Her size, characteristics and age profile will fit perfectly in to NST’s European trade development.

With the strategy set to actively manage and build our portfolio of high quality systems with integrated services, our aim is to build up our fleet with young quality vessels, which will serve our customers for many years to come.

We will continue the drive towards a superior operational performance and be forthright in our communications by consistently delivering on commitments. Our service will be delivered with a personal touch with a strong focus on creating value for all parties.

M/T Amalia Theresa

-----------------

Built 2007

DW 6,840mt

Cubic 6,830 (98pct)

Coating Phenolic, Epoxy

Flag: EU, British

Port of Registry: Gibraltar

LOA 103.0m

Beam 16.0m

Draft (s) 7.0m

GRT 3,933

NRT 1,940

We are pleased to announce that Hermien Praktiek has joined North Sea Tankers, effective  June 1st. Hermien will bring a wealth of experience to the group and she will be a valuable team member in the chartering department.

North Sea Tankers are commercial managers of 5 chemical ships and one LPG vessel  in NW Europe, with 12 new buildings to come.  Today, NST are operating M/T Cappadocian and M/T Natasja Theresa on the European continent and West Mediterranean. They will soon be joined by M/T Amalia Theresa and M/T Leoni Theresa.