Ardmore betting on second-hand ships

The price of a MR newbuilding is no longer attractive, says Ardmore CEO Anthony Gurnee. But this does not mean a stop to investments, and the carrier has cash ready for second-hand ships.
Photo: Ardmore
Photo: Ardmore

It is no longer attractive to order new product and chemical tankers, says CEO of Irish carrier Ardmore, Anthony Gurnee, which in the past five years has placed several orders with shipyards in Korea and Japan, and still has ten newbuildings set for delivery in 2014 and 2015. Ardmore currently has 11 ships in the water, he says in an interview with ShippingWatch:

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