Ardmore Shipping expands tanker order to four vessels at Wuhu

Ardmore Shipping Corporation (NYSE: ASC) has exercised options for two additional 40,500 deadweight ton Handysize product/chemical tankers to be built at Wuhu Shipyard, expanding an original order to four vessels on the same terms, according to a company statement.

Deliveries of the four vessels are scheduled to begin in late 2028. The company also secured two additional options at similar terms.

CEO Gernot Ruppelt said: "We are pleased to take a further step in growing the business with these highly versatile, modern assets, which are well matched to Ardmore's long-term strategy, while deepening our relationship with a quality shipbuilder. We believe these orders represent compelling value, and the additional options provide discretionary flexibility for the second half of the year."

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