Ardmore exercises options

Aug 09 2013


Ardmore Shipping Corp has exercised options on two 50,300 dwt IMO III Eco-design product tankers from SPP Shipbuilding, South Korea.

This extends the series from SPP to eight MRs with deliveries beginning in January 2014.

The two-ship package has a cost of about $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.



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