Arendals Dampskibsselskab AS - ADS - is a privately owned shipping company located in Arendal, Norway, from where it has been operating since its foundation in 1857.

ADS Crude Carriers Plc was founded in 2018 by ADS as private limited liability company and incorporated under the laws of Cyprus. The company was subsequently listed on Oslo Stock Exchange – Merkur Market under the ticker “ADSC-ME”.

The business of the Company is to own, charter out and operate tanker vessels.

The Company and its founders strongly believe that new maritime regulations, in particular the IMO 2020 Sulphur Cap regulations, will have a strong impact on the maritime industry and will favour the companies that are equipped to meet these regulations.

The Company believes that its combination of a fleet with high technical standard, compliance with new environmental regulations, strong market presence through leading operator Frontline, and other factors will make it a preferred provider of competitive tanker vessel services to quality charterers.

AET Sea Shuttle Group

AET Sea Shuttle AS was established 2012 by AET – one of the world’s leading petroleum and chemical tanker owners and operators – and ADS. The company currently owns four specialist DP2 Offshore Loading Shuttle Tankers on long-term charters to Norwegian oil major Equinor and trading in the North Sea.

With focus on energy efficiency, part of the fleet operates on LNG dual-fuel solutions for main and auxiliary engines, being the most energy efficient shuttle tankers in the world.

Board of Directors

Bjørn Tore Larsen

Bjørn Tore Larsen

Chairman

Controlling shareholder of ADS, OSM Maritime Group and OSM Aviation Group. Founded the OSM Group in 1989.

Email: btl@ads.no

Terje Bodin Larsen

Terje Bodin Larsen

Director and CEO

Joined ADS in 2008 from the position as managing director of DSI Norway AS, part of New York based DeWitt Stern Group. Various senior positions with Gard, Storebrand and the banking industry.

Email: tbl@ads.no
Tel: +47 905 35 543

Management

Terje Bodin Larsen

Terje Bodin Larsen

Chief Executive Officer

tbl@ads.no
Tel: +47 905 35 543

Marius Halvorsen

Marius Halvorsen

Chief Commercial Officer

Marius.Halvorsen@ads.no
Tel: +47 480 74 977

Ben Boiling

Ben Boiling

Chief Financial Officer

ben.boiling@ads.no
Tel: +47 912 40 945

Harald Wennesland

Harald Wennesland

Marine Operations Mgr

harald.wennesland@ads.no
Tel: +47 975 75 745

Kjell Andreassen

Kjell Andreassen

Project Manager

kjell.andreassen@ads.no
Tel: +47 905 45 583