Thursday February 20, 2020

Ardmore Shipping Corp places $118 million order for new vessels

Ardmore Shipping Corporation, the Cork-based tanker company that recently listed on the New York Stock Exchange has agreed a deal with a Japanese ship building company.

24th August, 2013

Ardmore Shipping Corporation, the Cork-based tanker company that recently listed on the New York Stock Exchange (NYSE) has agreed a deal with a Japanese ship building company to buy four vessels for almost $118 million.

Ardmore has exercised an option to buy two "product and chemical" tankers from Fukuoka Shipbuilding. The Cork company has also negotiated fixed price contracts for additional vessels with Fukuoka.

The Cork firm said it expects to take delivery of the contracted...

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