Broström in joint acquisition of two modern product tanker vessels

Broström and its partner Erik Thun has entered into agreements to acquire the two 7,100 dwt chemical and oil product tankers MARISP and MARELD, built 2003 and 2004 respectively. Both vessels have been commercially operated by Broström for over two years under the ownership of Rederi AB Väderötank. Broström and Erik Thun will own 50 % in each vessel.

One particular segment in Broström’s logistics services is smaller (5 - 10 kdwt) product tankers operating in North European waters. The present fleet contains 12 such vessels. Two of these vessels are the MARISP and the MARELD that has now been acquired. In addition to the existing fleet there are another two newbuildings ordered in a joint venture with Erik Thun, bringing the total number of vessels in the segment up to 14 within the next two years.

The MARISP and the MARELD were built in 2003 and 2004 respectively in Turkey. The vessels have a loading capacity of 7,100 dwt, a cubic of about 7,700 cbm and 8,000 cbm respectively and are equipped with heating coils which enables transportation of heavy fuel oil. The delivery of the vessels is going to take place during the period mid August to mid September.

“By these acquisitions Broström expands its investments in an important market segment where we see increased demand for our services under Contracts of Affreightment”, says Lennart Simonsson, CEO of Broström.

Göteborg, 9 May 2007

BROSTRÖM AB (publ)

Reference: Lennart Simonsson, CEO of Broström, Tel +46 31 61 61 00