Ardmore Shipping Exercises Newbuilding Options
Ardmore Shipping (NYSE: ASC) exercised options for two additional 40,500 dwt Handysize product/chemical tankers at Wuhu Shipyard, expanding its original newbuilding order to four vessels on the same terms.
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Rhea-AI Summary
Ardmore Shipping (NYSE: ASC) exercised options for two additional 40,500 dwt Handysize product/chemical tankers at Wuhu Shipyard, expanding its original newbuilding order to four vessels on the same terms.
Deliveries are scheduled from late 2028 onward, and Ardmore also secured two further options on similar terms.
Positive
- Exercised options, lifting current Wuhu Shipyard order to four tankers
- All four 40,500 dwt Handysize product/chemical tankers on same agreed terms
- Deliveries scheduled from late 2028, adding a future growth pipeline
- Secured two additional vessel options on similar terms for extra flexibility
Negative
- None.
Details
News Market Reaction – ASC
On Jun 17, the first trading day after this news, ASC closed 1.07% below the previous close.
Data tracked by StockTitan Argus for the Jun 17 session.
Key Figures
- Newbuild tanker size
- 40,500 dwt
- Handysize product/chemical tankers in new options exercised
- Total vessels ordered
- 4 vessels
- Expanded original Wuhu Shipyard order
- Additional options
- 2 options
- Further shipbuilding options secured at similar terms
- Delivery timing
- from late 2028
- Scheduled deliveries for four tankers
Historical Context
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Stronger Q1 2026 earnings, higher dividend, and newbuild tanker contracts.
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Announcement of timing and access details for Q1 2026 call.
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Fleet investments, higher dividend payout ratio, and vessel sale disclosure.
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Filing of 2025 Annual Report on Form 20-F with the SEC.
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FY 2025 earnings down versus 2024 alongside a modest cash dividend.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
handysize technical
product/chemical tankers technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Gernot Ruppelt, CEO of Ardmore Shipping, commented:
"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."
About Ardmore Shipping Corporation:
Ardmore delivers energy, mobility, and essential commodities, supporting global trade through the transportation of refined products, chemicals and other liquid goods. Operating as a fully integrated shipping company, all core commercial, technical, operational, and corporate functions are conducted within the Ardmore public company structure. Through its global platform, Ardmore maintains direct control over asset management, operations, and commercial execution, promoting consistent standards, efficiency, and accountability across the fleet.
Ardmore's core strategy is centered on the continued development and operation of a modern, high‑quality fleet of product and chemical tankers, while continually evolving and innovating across the business to position the Company optimally for the future, leveraging its fully integrated model to build long‑term customer relationships and maintain a sharp focus on cost, safety, and performance optimization.
Ardmore provides its services through voyage and time charter arrangements, delivering reliable and efficient transportation services to its first-class customer base — all guided and coordinated by our team members at sea and ashore.
Investor Relations Enquiries:
Mr. Leon Berman
IGB Group
32 Broadway, Suite 1314
New York, NY 10004
Tel: 212-477-8438
Fax: 212-477-8636
Email: lberman@igbir.com
Or
Mr. Bryan Degnan
IGB Group
Tel: 646-673-9701
Email: bdegnan@igbir.com
View original content:https://www.prnewswire.com/news-releases/ardmore-shipping-exercises-newbuilding-options-302802314.html
SOURCE Ardmore Shipping Corporation
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