Egyptian Tanker Company (Etc)

Egyptian Tanker Company, Egyptian joint-stock company by the private free zones systems. Established on December 2006 to provide marine transport services locally and globally to companies and different entities working in the field of exporting and importing crude petroleum and its derivatives across Egyptian and International ports through the acquisition, charter and operation of all kinds of ships, in particular petroleum carriers. Authorized capital of the company: US$ 150,000,000 Amount paid of capital: US$ 50,000,000 (distributed over a number of five million shares, the value of each share amounting to US$ 10.00, all paid in cash) Shareholders: 1- Egyptian Kuwait Holding Company - 30% 2- National Navigation Company - 25% 3- Middle East Tanks & Pipelines Co. - 13% 4- Petroleum Marine Services Co. - 13 5- National Bank of Egypt - 7.5% 6- Banque Misr - 7.5% 7- Egyptian General Petroleum Corporation - 4% Technical and marine operator of owned vessels: Thome Ship Management PTE. Commerical Manager of owned vessels: NAVIG8 ASIA PTE, Maresk Tankers