World News
Ardmore Acquires Secondhand Eco-Tanker
New York listed Ardmore Shipping Corporation [NYSE:ASC] (Ardmore) says it recently acquired a 49,997 dwt "Eco-design" product and chemical for a purchase price of $36 million.
The tanker was built in July 2013 at STX Offshore & Shipbuilding Co. Ltd., South Korea, and is expected to be delivered to Ardmore between July 1 and August 31, 2014.
"We are pleased to announce the acquisition of this 2013-built, state-of-the-art, Eco-design MR tanker," commented Anthony Gurnee, the Company's Chief Executive Officer.
"This latest addition to our growing fleet of fuel-efficient product and chemical tankers represents the ongoing execution of our expansion strategy and the first step in the accretive deployment of the capital that we raised during our recent equity offering."
"We are furthermore very happy with the price, which compares favorably with other recently traded Eco-design MR's."
Upon delivery of this latest vessel, the company's fleet will stand at 22, with 12 in operation and 10 Eco-product and chemical tankers scheduled to be delivered by the fourth quarter of 2015.
Gurnee added that the company is continuing to look for further vessel acquisitions.
In February the company said it was granted a $172 million credit facility to help with its fleet expansion plans.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 523.00 | 7.50 | 685.00 | 7.50 |
| Rotterdam | 518.50 | 2.00 | 728.00 | 5.00 |
| Houston | 496.50 | 0.50 | 701.50 | 1.50 |
| Fujairah | 516.50 | 5.50 | 732.50 | 1.50 |
| Global 20 Ports Average | 554.00 | 3.50 | 779.00 | 6.50 |
| Global 4 Ports Average | 513.50 | 4.00 | 712.00 | 1.00 |
| Global Average Bunker Price | 590.50 | 4.50 | 820.00 | 4.00 |
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