Arlington Tankers Ltd. said that Arthur L. Regan has informed the Company that he intends to step down from his position as President and Co-Chief Executive Officer of the Company to pursue other interests. Regan will remain with the Company for a brief transition period. Following Regan's departure from the company, Edward Terino, currently the company's Co-Chief Executive Officer and Chief Financial Officer, will also serve as the company's interim President and will assume operating responsibility for all areas of the company.