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WOMAR and Nordic Envision Small Chemical Tanker Consolidation

A press release jointly issued by Nordic Tankers, a Danish shipping company listed on NASDAQ OMX Copenhagen and WOMAR, a privately held company with its head office in Singapore operating 3 commercial pool’s, stated, “Commencing 1 June 2010 it is the intention that, Nordic Tankers and WOMAR will start marketing each others’ coated chemical tankers in the range of 10,000 to 17,000 deadweight tonnes (dwt) in their individual areas of primary marketing strength. The Letter of Intent is subject to execution of a final agreement.”

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