Stainless Tankers completes vessel sale, declares special cash dividend

Stainless Tankers ASA announced the successful completion of the sale of its 2008-built J19 stainless steel chemical tanker, Gwen, on August 26, 2025. The vessel was sold for a total gross amount of $16.16m, as initially disclosed on July 4, 2025.

Following the sale, Stainless Tankers' board of directors resolved to distribute a cash dividend of $0.335 per share, totaling $4,522,500. This distribution, which constitutes a repayment of the company's paid-in capital, is payable on or about September 5, 2025.

Stainless Tankers ASA specializes in seaborne transportation of chemical cargoes, operating a fleet of six stainless steel vessels. The fleet is managed by Tufton Management Limited, focusing on maximizing earnings and distributing excess operating cashflow to shareholders.