Ardmore expands fleet with newbuild and charter deals

Ireland-based tanker company Ardmore Shipping has taken over the contracts for two newbuild vessels from Hellespont Group and, in a separate deal, has agreed to charter in two vessels from Hellespont.

Ardmore has agreed to take over the newbuild contracts on two 17,000DWT IMO II chemical tankers from Hellespont. The two as-yet-unnamed vessels are currently being built by Sekwang Shipbuilding in South Korea and delivery is expected in April and July 2012 respectively.

In a separate deal, Ardmore Shipping has agreed to charter two 2010-built 17,000DWT IMO II chemical tankers from Hellespont, the 'Hellespont Commander' and the 'Hellespont Crusader', for a one year period, with the option of a further year.

Both vessels will be entered into the Navig8 Brizo-8 chemical tanker pool for trade and commodity chemicals.

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