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Ardmore Shipping orders two chemical tankers

8:52 AM MDT | August 14, 2013 | Francinia Protti-Alvarez

Ardmore Shipping (Cork, Ireland) has signed contracts for the construction of two 37,000-deadweight m.t. chemical tankers, the company announced today. The vessels were ordered from Hyundai Mipo Dockyard (Ulsan, South Korea) for approximately $32.7 million each with options for further equipment upgrades. Ardmore has also negotiated fixed-price options for additional vessels. The company expects to take delivery of the contracted vessels in the fourth quarter of 2014 or  first quarter of 2015. The fleet expansion is being partly funded from cash that the...

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