NEW YORK - Mjolner Shipping Holdings LLC (“Mjolner”) and MID-SHIP Capital LLC (“MID-SHIP”), today announced the successful closing of an oil tanker-focused investment fund via Mjolner Solutions LLC (“Solutions”), a Marshall Islands company. Solutions was formed to provide investors with access to vessel trading exposure in the crude tanker market. Mjolner and MID-SHIP, as general partners, will provide all services pertaining to Solutions, including commercial management, risk management, finance and investor relations. Kevin M. Wise, Mjolner’s President & CEO, said, “Mjolner is excited about the expansion of services it can provide via the Mjolner Solutions platform. It has been a goal of ours since the formation of the company and we are pleased to partner with MID-SHIP Capital. The fund will complement our existing commercial management and pooling activities.” Dean Fezza, MID-SHIP’s CEO, said “we believe today’s environment provides investors with an attractive opportunity to profitably capitalize on the inherent volatility of the crude tanker market. We are excited to partner with Mjolner, a company with a strong commercial management platform and a proven track record of delivering returns for their stakeholders.”