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Team Tankers International Ltd.: New Director

Mr. Gavin Kagan, a member of the Board of Directors of Team Tankers
International Ltd. (the "Company") has resigned as Director of the Company
with effect from today. Mr. Kagan has, in accordance with the Company's
bye-laws, appointed Mr. Kevin M. Kennedy as his successor.

Mr. Kennedy has been involved in the global finance and shipping industry
continuously since 1987 and has acted in a variety of capacities, including
banker, advisor, investor, and chief financial officer. He has inter alia
worked for Seaspan Corporation, Great Circle Capital LLC, GE Capital
Services, The Bank of New York and Nautilus Holdings Limited. At present he
serves as Managing Director of MC-Seamax Management LLC. Mr. Kennedy is a
graduate of Columbia University Graduate School of Business (MBA) and the
United States Merchant Marine Academy Kings Point (BS).
The Board of Directors
Team Tankers International Ltd.
Hamilton, Bermuda
Questions should be directed to:

Jens Grønning: CEO Team Tankers Management
T: +45 3997 0300

Andreas Reklev: CFO Team Tankers Management
T: +47 9320 8886

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Team Tankers International Ltd. via Globenewswire


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