Company Principal Maritime Tankers Corp

Principal Maritime Tankers Corporation is a Marshall Islands-based holding company. The Company is engaged in providing international seaborne transportation services for crude oil and petroleum products. The Company transports seaborne crude oil across the world through the ownership and operation of its fleet of vessels. It owns and operates a fleet of around 12 Suezmax tankers with an aggregate carrying capacity of around 1,877,000 deadweight tonnages (DWTs). The Company employs eight of its 12 vessels with Shell Western Trading and Supply Ltd. (Shell). Four of these vessels are commercially managed by Shell and employed on spot trading arrangements carrying shell oil and on voyage charters to third parties, including other oil majors, oil traders and national oil companies. Two of its vessels are employed with Shell on market-index linked charters. Two of its vessels are operated by Shell on fixed-rate time charters. Its subsidiary includes Triton Holdings, LLC.