Company Announcements

PLEDGE OF INSURANCE POLICY

PLEDGE OF INSURANCE POLICY

Pursuant to the Company Announcement dated 24th April 2018, the Company is pleased to announce that the insurance policy for the replacement value of the Vessel purchased by AST Shipping Limited has been finalised and has been pledged in favour of the Security Trustee in terms of section 22.25 of the Company Admission Document as security for the amounts due to Bondholders.

UNQUOTE

Dr. Katia Cachia
Company Secretary

20th August 2018