Ardmore Shipping Services (Ireland) Ltd. has signed contracts with WUHU SHIPYARD CO LTD for the construction of two 40,500 dwt chemical carriers, with deliveries scheduled between October and December 2028. Each vessel is priced at $44.9 million, including full IMO2 specifications and MarineLine tank
coatings. The agreement includes options for two additional vessels on the same terms. Ardmore is also implementing various performance and safety upgrades. The company has increased its dividend payout ratio to two-thirds of adjusted earnings starting from the first quarter of 2026. Additionally, Ardmore agreed to sell a 2014-built MR tanker for $35.5 million, with delivery planned for June 2026. This investment aligns with Ardmore's strategy to maintain a modern, high-quality fleet of product and chemical tankers, supporting its global trading platform and capital allocation framework.
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