According to the fleet employment strategy, the Company will secure new employment for the vessels on the spot market.

TNG published an announcement on the ZSE regarding the expiration of their ECO product tankers. To be specific, the time charter for the ECO product tanker “Dalmacija” has expired after a period of 16 months, out of a maximum of 24, and in accordance with the contractual terms, the vessel was redelivered on beginning of July 2020, from the charterer with whom it successfully operated during the specified period.

Furthermore, the ECO product tanker “Pag” was redelivered on 10 July, and the contract was used for a period of 5 months, out of a maximum of 6. According to the fleet employment strategy, the Company will secure new employment for the vessels on the spot market in order to fully utilize the commercial and operational potential of the vessel within current market terms.