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Ardmore Shipping buys secondhand eco-design MR tanker

Ardmore Shipping buys secondhand eco-design MR tanker
Ardmore Shipping Corporation has acquired one eco-design product and chemical tanker built in 2013 at STX Offshore & Shipbuilding for a purchase price of $36m.

The 49,997-dwt vessel is expected to be delivered to Ardmore Shipping between 1 July and 31 August.

Ardmore Shipping is intending to deploy the vessel either in the spot market or on a one-year time charter.

“This latest addition to our growing fleet of fuel efficient product and chemical tankers represents the ongoing execution of our expansion strategy and the first step in the accretive deployment of the capital that we raised during our recent equity offering,” said Anthony Gurnee, ceo of Ardmore Shipping.

He added that the addition of this eco-design tanker has increased the company’s fleet size and near-term earnings potential.

Upon delivery, Ardmore Shipping’s fleet will stand at 22 vessels, with 12 in operation and 10 eco-design product and chemical tankers scheduled to be delivered by the fourth quarter of 2015, the next two of which are slated to be delivered in November this year.