Ardmore expands clean tanker fleet amid volatile Hormuz outlook

AI Summary

Ardmore Shipping expanded its clean tanker fleet by doubling its newbuild orderbook to four handysize product and chemical tankers at China's Wuhu Shipyard. This move positions the company for expected prolonged volatility in tanker markets following any reopening of the Strait of Hormuz.

Ardmore Shipping has doubled its newbuild orderbook to four product and chemical tankers, exercising options for two additional 40,500-deadweight ton Handysize tankers at China’s Wuhu Shipyard as the company positions for prolonged volatility in tanker markets following any reopening of the Strait of Hormuz. The expanded order, announced in a June 16 press release, brings ...