Stainless Tankers ASA announced that it has entered into agreements ("MOAs") to acquire two (2) 2005 built J19 stainless steel chemical tankers for a combined purchase price of $27.0 million. Concurrently with signing the MOAs, the Company entered into an upsize loan agreement to increase the existing loan facility by $27.0 million in order to fund the purchase, which is expected to close on or around November 15, 2023.