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Iranian Ship Linked to Houthi Attacks Heads Home Amid Tensions
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
Ardmore Continues Fleet Expansion Plan with $118 Million Newbuild Order
Ardmore Shipping took delivery of the 49,999 dwt IMO 3 Tanker from SPP Shipbuilding on June 10th, and it was immediately chartered to Cargill.
Ardmore Shipping Corporation (NYSE:ASC) signed newbuild contracts today with Fukuoka Shipbuilding for four 25,000 dwt IMO 2 eco-design product & chemical tankers.
The orders come at a total price of approximately $118,000,000, plus fixed price options for additional ships. Deliveries are expected in Q4 2014 and Q4 2015.
This order comes a week after Ardmore placed a $65.4 million order for two 37,000 dwt IMO 2 eco-design chemical tankers from South Korea’s Hyundai Mipo Dockyard Co.
Ardmore’s current fleet stands at 8 with 12 ships on order.
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