Utkilen places orders for advanced Eco-design ice-class chemical tankers

We are pleased to inform that Utkilen, has entered into newbuilding contracts with AVIC Dingheng Shipbuilding Co. Ltd. in China for up to four advanced 9,900 dwt. ice class chemical tankers with cargo tanks in duplex stainless steel. The vessels will be built with eco-design, and fitted with modern and fuel efficient dual fuel ready engines. Delivery is expected in 2019 and 2020, and the order is for two firm vessels and an additional two options.

Utkilen AS is a fully integrated shipping company with headquarters in Bergen, Norway. The company was founded in 1967 and owns and operates 18 ice-class chemical tankers ranging from around 5,000 to 20,000 dwt. in size. Furthermore, Utkilen has four 20,000 dwt. stainless steel newbuildings for global trade on order. Utkilen is one of the major seaway transporting companies of chemicals and other bulk liquid cargoes in Northern Europe.

Bergen, 24 January 2017

Utkilen AS

Contact persons:

Kjell Ove Breivik, CEO

Mobile: +47 414 43614

Espen Bjelland, CFO

Mobile: +47 900 15570

E-mail: espen.bjelland@utkilen.no

E-mail: office@utkilen.no