Tankerska Next Generation Information

Tankerska Next Generation Inc is a shipping joint stock company registered in Zadar, Croatia. TNG’s focus is on services of worldwide seaborne transportation of refined petroleum and some chemical products. TNG’s fleet currently consists of six modern MR Product tanker vessels; two modern MR2 ice class product tankers (Velebit and Vinjerac) and four MR2 eco-design tankers (Zoilo, Vukovar, Dalmacija and Pag). Total fleet capacity is 300.000 dwt, and the average fleet age is well under industry standards. The main markets in which the Company and the Group operate is the international maritime transport of oil products and edible oils. Therefore, the Group provides transport services to oil majors, national oil companies, oil and chemical traders and various other entities that depend on sea transport worldwide. The Company’s strategy is to be a reliable, efficient and responsible provider of seaborne refined petroleum product transportation services and to manage and expand the Group in a manner that is believed will enable the Company to increase its distributable cash flow, enhance its ability to pay dividends and maximize value to its shareholders. In implementing of the strategy, the Group has the strong support of the fleet manager in Tankerska plovidba, which is recognized and respected player in the tanker segment with a 60 year long and strong reputation, and access to key customers all around the world. Tankerska Next Generation Inc. share (TPNG-R-A) is listed on Zagreb Stock Exchange (ZSE).