Two New Tankers Join Ardmore’s Fleet

  • Business & Finance

Cork-based Ardmore Shipping Corporation took delivery of two newbuilding product and chemical tankers, the Ardmore Chippewa and Ardmore Seahawk, on November 13, and November 16, 2015, respectively.

Ardmore Chippewa is a 25,233 deadweight tonne, Eco-design IMO 2 product and chemical tanker constructed at the Japanese Fukuoka Shipbuilding Co., Ltd shipyard in Nagasaki. It is the final in a series of four Fukuoka newbuildings delivered to the company in 2015.

The second vessel, Ardmore Seahawk, is a 49,999 deadweight tonne, Eco-design IMO 2/3 product and chemical tanker. The vessel was constructed at the SPP Shipbuilding Co., Ltd Dukpo Shipyard in Korea, and is the last in a series of four SPP newbuildings delivered to Ardmore in 2015.

Upon delivery, both vessels immediately contributed to growth in earnings and cashflow by commencing their initial employment in the Ardmore’s fleet.

“With our 24-vessel fleet now fully delivered and deployed primarily in the spot market, we are well positioned to realize the full potential of a strengthening winter market,” Anthony Gurnee, CEO of Ardmore, said.

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