Ardmore Shipping Acquires Two MR Product Tankers

(RTTNews) - Ardmore Shipping Corp. (ASC) Tuesday said it purchased two second-hand 47,500 Dwt MR product tankers built in 2008 at Onomichi Dockyard Co. Ltd., Japan for $23 million each.

The vessels are expected to deliver to Ardmore between July and October 2014 and are intended to be employed either in the spot market or on time charters.

Chief Executive Anthony Gurnee said, "We are pleased to announce the acquisition of these modern MR product tankers at attractive prices. The vessels are Japanese-built and very fuel-efficient, in line with our strategy of acquiring high-quality MRs that we can upgrade to Eco-mod."