Ardmore Shipping Corporation Signs Contracts For Construction Of Two 40,500 Dwt Product/Chemical Tankers And Agrees Sale Of One 2014-Built MR Tanker For $35.5 Million

Published: 2026-04-29 09:35:55 ET ASC

Published on 04/29/2026 at 09:35 am EDT

Ardmore Shipping Corporation signed contracts for the construction of two highly-efficient and versatile 40,500 dwt Handysize product/chemical tankers at Wuhu Shipyard, at a price of $44.9 million per vessel, inclusive of approximately $3 million for full IMO2 specification and MarineLine tank coatings. In addition, the Company is commissioning various performance and safety upgrades. The agreement also includes options to acquire two additional vessels on the same terms. Deliveries are scheduled from late 2028.

The Company agreed to sell a 2014-built MR tanker for $35.5 million, with delivery scheduled for June 2026.