Ardmore Shipping Corporation has announced that its latest newbuild vessel, the Ardmore Seafox, was delivered by SPP Shipbuilding Co., Ltd from the Sacheon shipyard in Korea on 25 June 2015. The Ardmore Seafox is a 49,999 DWT IMO 3 product and chemical tanker, and her addition to the Ardmore fleet increases the number of Ardmore vessels on the water to twenty with a total … [Read more...]
Chemical Tankers In Demand As U.S. Exports Soar
By Swetha Gopinath and Garima Goel Nov 1 (Reuters) - After four years in the doldrums, the specialized chemical tankers that ply the seas between the United States and Asia are set to generate bumper profits for the handful of companies that own and operate them. A surge in U.S. chemical production, fueled by cheap natural gas, is beginning to outpace capacity aboard a … [Read more...]
Ardmore Continues Fleet Expansion Plan with $118 Million Newbuild Order
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 … [Read more...]
Ardmore Shipping Files for IPO on NYSE
June 28 (Reuters) - Shipping company Ardmore Shipping Corp filed with U.S. regulators to raise up to $160 million in an initial public offering of common stock. Ardmore, which transports petroleum and chemical products to oil and chemical firms, has a fleet of 12 tankers. The Marshall Island-based company told the U.S Securities and Exchange Commission in a preliminary … [Read more...]