CORK, Ireland – Ardmore Shipping Corporation (NYSE: ASC) (Ardmore or the Company) today announced that it has exercised options on two 50, 300-dwt IMO 3 eco-design product tankers ordered from SPP Shipbuilding Co. Ltd, South Korea. (SPP). This extends the series from SPP to a total of eight with deliveries beginning in January 2014. The two-ship package has a cost of approximately $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.
About Ardmore Shipping Corporation:
Ardmore owns and operates a modern, fuel-efficient fleet of mid-size product and chemical tankers. The Company is engaged in the seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies. Additional information is available at the Company’s website www.ardmoreshipping.com, which is not a part of this press release.