Ardmore Commences Execution of Its Fleet Expansion Plan

Ardmore Commences Execution of Its Fleet Expansion Plan

Ardmore Shipping Corporation (Ardmore) on Thursday announced that it has exercised options on two 50,300-dwt IMO 3 eco-design product tankers ordered from SPP Shipbuilding Co. Ltd, South Korea.

This extends the series from SPP to a total of eight with deliveries beginning in January 2014. The two-ship package has a cost of approximately $68,500,000 inclusive of ballast water treatment systems.

Ardmore expects to take delivery of these vessels from SPP in the second and third quarters of 2015.

[mappress]

Ardmore, August 11, 2013