Search results for: Ardmore Shipping

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  • 28 August 2012

    Ardmore Shipping Ltd has completed the Keel Laying Ceremony of the first of four MR product tankers at SPP Shipbuilding Co Ltd, Sacheon City, South Korea. This marks a key stage in the construction of the vessel and is a landmark event for Ardmore Shipping, with the keel being the first of its new construction […]

  • 1 May 2012
    Business & Finance

    Ardmore Shipping plays its part in supporting the next generation of seafarers to take their place in Ireland’s distinguished maritime tradition through its participation in the Irish Cadet Training Programme, run by the National Maritime College of Ireland. Ardmore Shipping has provided a number of berths on its vessels for Irish cadets in order to […]

  • 27 October 2015
    Business & Finance

    Owner and operator of mid-size product and chemical tankers Ardmore Shipping Corporation reported a net profit of USD 13.6 million for the three months ended September 30, 2015, as compared to USD 0.1 million for the corresponding period in 2014. The company reported EBITDA of USD 24.5 million for the quarter, an increase of USD […]

  • 13 March 2013
    Business & Finance

    Chemical and product tanker specialist Ardmore Shipping has named the two newest vessels to join its fleet, the Ardmore Seavaliant and the Ardmore Seaventure. The naming ceremonies for the two newbuild vessels took place at SPP Shipbuilding in South Korea, prior to the Ardmore Seavaliant being immediately delivered to Cargill on a 12-month time charter […]

  • 8 June 2016
    Business & Finance

     New York-listed Ardmore Shipping Corporation (Ardmore) has reached agreement to acquire six modern, Eco-Design MR product/chemical tankers for an aggregate purchase price of USD 172.5 million. The vessels, which have an average age of 2.4 years, are scheduled to be delivered to Ardmore on a charter-free basis between September and October 2016. The acquisition will expand Ardmore’s […]

  • 31 July 2018
    Business & Finance

    Ardmore Shipping Corporation reported a net loss of USD 13.7 million for the six months ended June 30.

  • 9 August 2013

    Ardmore Shipping Corporation (Ardmore) yesterday 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 […]

  • 10 February 2016
    Business & Finance

    Ardmore Shipping Corporation has secured an additional debt refinancing which brings the total amount of debt refinanced since the start of 2016 to USD 408 million. Namely, Ardmore has received senior loan commitments of USD 64 million from Credit Agricole Corporate and Investment Bank, comprising USD 39 million to refinance two existing vessels, plus a USD […]

  • 22 August 2013

    Ardmore Shipping Corporation yesterday announced that it has executed contracts for the construction of four 25,000 Dwt IMO 2 eco-design product & chemical tankers ordered from Fukuoka Shipbuilding Co. Ltd., Japan for a total price of approximately $118,000,000. As part of the contracts, Ardmore has also negotiated fixed price options for additional vessels. Ardmore expects […]

  • 8 April 2015
    Business & Finance

    The Marshall Islands-incorporated tanker operator Ardmore Shipping Corporation has taken delivery of three more newbuildings after January 6 and the delivery of the Ardmore Cherokee. In February 2015, Ardmore took delivery of the Ardmore Dauntless and the Ardmore Defender, from the Hyundai Mipo Dockyard in Korea. The Ardmore Dauntless, a 37,764 dwt product and chemical tanker, was delivered to Ardmore on […]

  • 14 January 2016
    Business & Finance

    Irish tanker owner and operator Ardmore Shipping Corporation has completed a refinancing of substantially all of its outstanding debt. “This opportunistic refinancing on attractive terms reflects the company’s strong banking relationships and improving financial profile, as well as the successful completion of a newbuilding program that has more than doubled the size of our fleet […]

  • 27 October 2015
    Business & Finance

    Owner and operator of mid-size product and chemical tankers Ardmore Shipping Corporation reported a net profit of USD 13.6 million for the three months ended September 30, 2015, as compared to USD 0.1 million for the corresponding period in 2014. The company reported EBITDA of USD 24.5 million for the quarter, an increase of USD […]

  • 7 February 2018
    Business & Finance

    Ardmore Shipping Corporation books a net loss of USD 12.5 million for 2017.

  • 3 November 2016
    Business & Finance

    Bermuda-headquartered tanker owner and operator Ardmore Shipping Corporation has taken delivery of the fourth and fifth of the six Eco tankers acquired in June this year.  The two vessels, the Ardmore Engineer and the Ardmore Encounter, joined the company’s fleet on September 12 and 29, respectively. The final ship is expected to be delivered in early November, […]

  • 3 December 2018
    Business & Finance

    Ardmore Shipping signs binding agreements for the refinancing of three vessels.

  • 8 May 2020
    Business & Finance

    A global oversupply of oil resulting from lower demand due to the COVID-19 pandemic and high production level has seen the unprecedented shortage of storage capacities translating in high rates for floating storage. Tanker owners have been reporting high earnings for the first quarter of this year amid soaring rates increasing by the week as […]

  • 24 July 2015

    Ardmore Shipping Corporation took delivery of Ardmore Chinook, a 25,217 deadweight tonne, Eco-design IMO 2 product and chemical tanker on July 17, 2015. The tanker was constructed at the Fukuoka Shipbuilding Co., Ltd (“Fukuoka Shipbuilding”) shipyard in Nagasaki, Japan, and is the third in a series of four Fukuoka newbuildings scheduled to deliver to Ardmore […]

  • 28 August 2012

    Ardmore Shipping Ltd has completed the Keel Laying Ceremony of the first of four MR product tankers at SPP Shipbuilding Co Ltd, Sacheon City, South Korea. This marks a key stage in the construction of the vessel and is a landmark event for Ardmore Shipping, with the keel being the first of its new construction […]

  • 11 June 2013
    Business & Finance

    Product and chemical tanker specialist Ardmore Shipping has taken delivery of the Ardmore Seaventure from SPP Shipbuilding in Korea and immediately delivered the tanker to Cargill on a 12 month time charter arrangement. The Ardmore Seaventure is a 49,999 deadweight tonnes (dwt) IMO 3 product and chemical tanker and the second vessel to be delivered […]

  • 8 January 2015
    Business & Finance

    Cork-based Ardmore Shipping has taken delivery of a 25,000 DWT IMO II product and chemical tanker, the Ardmore Cherokee, built at Fukoaka Shipbuilding in Japan. The Ardmore Cherokee is the fifteenth vessel to join Ardmore’s fleet on the water, where she has been placed under the technical management of Thome Ship Management. The vessel has been […]

  • 17 August 2015
    Business & Finance

    Ardmore Shipping Corporation took delivery of the newbuilding Ardmore Seawolf on August 13, 2015. The 49,999 deadweight tonne, eco-design IMO 3 product and chemical tanker was constructed at the SPP Shipbuilding Co., Ltd  Sacheon Shipyard in Korea, and is the third in a series of four SPP newbuildings scheduled to deliver to Ardmore in 2015. […]

  • 7 February 2017
    Business & Finance

    Owner and operator of mid-size product and chemical tankers Ardmore Shipping Corporation has seen its full year net profit plunge to USD 3.7 million from a net profit of USD 32 million seen in 2015. Although the company’s net profit was down, the revenues for 2016 increased to USD 164.4 million from USD 157.8 million […]