Ardmore Orders Two More Vessels from Hyundai Mipo (South Korea)

Ardmore Shipping Corporation (Ardmore) yesterday announced that it has executed contracts for the construction of two 37,000 Dwt IMO 2 eco-design chemical tankers ordered from Hyundai Mipo Dockyard Co. Ltd, South Korea (HMD).

With the price tag of approximately $32.7 million each, the deal includes options for further equipment upgrades.

As part of the contracts, Ardmore has also negotiated fixed price options for additional vessels. Ardmore expects to take delivery of the contracted vessels in fourth quarter 2014 or in first quarter 2015.

[mappress]

Ardmore, August 15, 2013; Image: HHI