STEALTH MARITIME CORP SA

                          Singapore, 21^st August, 2017

Stealth Maritime Corporation can confirm that its managed tanker vessel the ALNIC MC (IMO: 9396725 Liberian Flag) was involved in a collision with the US Navy vessel USS JOHN S MCCAIN off the coast of Singapore
                      at 05:20 Singapore Time on 21^st August, 2017.

As a result of the collision ALNIC MC sustained a gash to the starboard side of the bow above the waterline, there were no injuries to crew and no reported pollution of the Singapore Strait. The vessel is now safely anchored off Singapore for assessment.

The ALNIC MC had been transiting from Mai Liao in Taiwan to Singapore with a partial load of 12,000MT of fuel oil at the time of the incident.

Stealth Maritime Corporation is cooperating fully with the Maritime Port Authority of Singapore(MPA) and the Transport Safety Investigation Bureau (TSIB) in their investigations into the collision.

Our thoughts and prayers are with the families of the missing US Navy sailors and we hope the injured personnel make a speedy and full recovery.
Further information will follow as it becomes available.

Enquiries please contact Navigate Response London on +44 (0)207 283 9915 or
Navigate Response Asia, Andrew Leahy +65 97735595 or Edward Ion +65 91116871