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Ardmore makes further chem tanker orders following IPO

Ardmore makes further chem tanker orders following IPO
Ardmore Shipping has ordered a pair of 37,000 dwt IMO 2 eco-design chemical tankers from Hyundai Mipo Dockyard, representing an investment of $32.7m each.

The orders include options for equipment upgrades, as well as fixed-price options for additional vessels. The vessels are expected to be delivered the fourth quarter of 2014, or the first quarter of 2015.

The order follows the company’s decision to fulfil a two-vessel option last week, using funds raised from its IPO, which raised $140m.