Ardmore Shipping Corporation Orders Two 37,000 Dwt Chemical Tanker Newbuildings

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Ardmore Shipping Corporation (NYSE: ASC) (“Ardmore” or the “Company”) today announced that it has executed contracts for the construction of two 37,000 Dwt IMO 2 eco-design chemical tankers ordered from Hyundai Mipo Dockyard Co. Ltd, South Korea (“HMD”) for approximately $32.7 million each with options for further equipment upgrades.