Ocean Tankers receives 8th tanker M/T Stavrodromi

Ocean Tankers Holdings Public Company Limited would like to inform the CSE and the investing public that onOctober 3, 2008 it received the new double-hull tanker M/T Stavrodromi of 15,500 tones. With the receipt of M/T Stavrodromi, the fleet increased from 14 to 15 tankers.
It is reminded that the tanker is time chartered with Lukoil/Litasco for a period of 7 plus 3 years with a daily net charter of $15,300. It is also noted that the time charter with Lukoil/Litasco is active from the first day of its receipt.
With the increase in the Company's fleet to 15 tankers and with the scheduled receipt of the newly-fangled tanker M/T Vasi in November – December 2008, the Company's turnover and profitability for 2008 will be increased significantly.