GENERAL

A group of investors ordered on 28.08.2007 four product tankers of 19'000 mt dwt (IMO class II Oil/chemical tanker) from the shipyard Yangfan Group Co. Ltd., Zhoushan, province of Zhejiang, P.R. of China. These tankers are double-hulled and are ice-classed. The double hull gives smooth surfaces in the entire cargo tanks, making drainage and tank washing much easier. The propulsion is by a diesel engine from MaK, Kiel, belonging today to the US company Caterpillar Inc. The 4 tankers are:

          Hull No.                 Planned Names                               New Names
       _______________________________________________________________________

             2005           OSTTANK NORWAY (in service)        ADFINES SEA (will be renamed)

It was the intention to register the four vessels in the International Registry of Madeira, Portugal, however only the first Ship, OSTTANK NORWAY was registered in Madeira and put into service by their managers Seaarland Hamburg at begin of 2011.

Adfines Tank took over this 4 Product Tankers in 2011/2012 and ABCmaritime, Nyon, Switzerland was appointed as technical and as commercial managers. The latin "ad fines" in English "at the border" is the origin of the name of the Swiss community of Pfyn in the Canton of Thurgovia, see also Wikipedia under "Pfyn" *).

First the non completed ships were taken over by Adfines Tank and put into service. First the ADFINES STAR, then the ADFINES SUN were taken over during November 2011 and the ADFINES SKY followed in early December 2011.

As the last one the OSTTANK NORWAY, already several months in service with a charterer in Argentina changed hands on 02.02.2012 in Buenos Aires.

                                                            ADFINES STAR

The first tanker, taken into service by ABCmaritime was the ADFINES STAR, which originally should have been named OSTTANK SWEDEN. After completion she was taken over in the builder's yard and registered under the Malta flag on 12.10.2011 (registered owner: Icetank Twenty-Two Shipping Corporation, Monrovia, Liberia, IMO/official No: 9580974, call sign: 9HA2916). The date of keel-laying is unknown, the launching was on 26.05.2010.

According to local Chinese regulations the ship was called during sea trials with the temporary, Chinese name "ZHE ZHOU DONG HAI AN 13".

The vessel's complement consists of 19 persons, 7 Ukrainian officers and 13 Filippino ratings.

On 26.10.2011 the ADFINES STAR sailed from the builder's yard for her first voyage to Hong Kong for bunkers, then to the first load port Balikpapan on the island of Kalimantan, Indonesia. Here she took over a full cargo of palm oil for the Mediterranean ports of Brindisi and Barcelona, as well as for Huelva in southern Spain. She is time-chartered by a major palm oil trader for world-wide trade, at the time of writing she is under way to South Africa.
                                                                                                                                         *) Pfyn was selected as "cultural capital" of Switzerland for the years 2011 and 2012. An exhibition "Expo Adfines" will be held in Pfyn on 6-8.7.2012, see also www.thurgau-tourismus.ch                                                                      

SwissShips-HPS, February 2012