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.

Ardmore Shipping Corporation has signed a loan agreement for a new $39m credit facility with Credit Agricole CIB to finance the purchase of two ships.

Eitzen is considering a restructure to avoid the "considerable uncertainty" associated with covering its 2016 debts, even in the event of market recovery.

BW Group has signed a purchase agreement to buy 10 chemical tankers comprising of two secondhand units and eight newbuildings from joint venture firm Stream Tankers.

New York-listed tanker owner Ardmore Shipping reported an increased net loss in the first quarter due to higher expenses.

Despite drops in revenue from formerly key segments such as chemical tankers and heavy engineering, MISC Bhd saw first quarter net profit rise 62% to MYR486.4m ($150.4m) from MYR300.4m.

Despite a stable performance from its chemical tankers division, Odfjell’s first quarter loss rose to $23m from $13m in the same period 2013.

Chinese shipyards Sainty Marine, Nantong Mingde Heavy Industry and Nantong Runde Ship Engineering have jointly won a contract to construct seven stainless steel chemical tankers for Celsius Shipping.

China's Samjin Shipbuilding Industries has signed a contract to build four 50,000 chemical tankers for an unnamed Singapore shipowner.

China's Nantong Mingde Heavy Industry has signed a deal to build up to 13 ships for an European shipowners.