World News
Ardmore Orders Four Eco-Tankers
Ardmore Shipping Corporation [NYSE:ASC] (Ardmore) of Ireland says it has ordered four eco-design product and chemical tankers for a total of about $118 million.
Fukuoka Shipbuilding Co. Ltd. (Fukuoka) of Japan is building the 25,000 dead-weight-tonne (dwt) ships, which will be IMO 2 compliant.
The vessels will be delivered between the fourth quarter of 2014 and the fourth quarter of 2015.
The contracts also include fixed price options for an unspecified number of additional ships.
Since its initial public offering on July 31, Ardmore has ordered eight eco-vessels, including two product tankers ordered from SPP Shipbuilding Co. Ltd. and two chemical tankers ordered from Hyundai Mipo Dockyard Co. Ltd.
The new deal with Fukuoka brings its newbuilding orders to 12.
Ardmore has eight ships currently in operation.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 553.50 | 0.00 | 673.00 | 0.00 |
| Rotterdam | 514.50 | 0.00 | 651.00 | 0.00 |
| Houston | 545.00 | 0.00 | 671.00 | 0.00 |
| Fujairah | 543.00 | 0.00 | 747.00 | 0.00 |
| Global 20 Ports Average | 574.00 | 0.00 | 748.00 | 0.00 |
| Global 4 Ports Average | 539.00 | 0.00 | 685.50 | 0.00 |
| Global Average Bunker Price | 627.00 | 0.50 | 799.50 | 1.00 |
Popular Now More
-
Dec 24The 9,500 DWT heavy lift vessel Ursa Major sustained an engine room explosion in the Strait of Gibraltar at about 12:30 PM local time on Monday. -
Dec 23Since its launch in late June, the company's first 100 deliveries have primarily focused on LSMGO supply by barge to container ships and tankers in New York Harbor, CEO John Barbarise tells Ship & Bunker. -
Dec 23The company carried out worldwide marine fuel trading from offices in Singapore.