Ardmore initiates second-hand strategy

Irish Ardmore has acquired three second-hand product tankers within a short period of time, and is thus well underway with the process of switching from newbuildings to second-hand vessels that CEO Anthony Gurnee recently talked to ShippingWatch about.

Photo: Ardmore

The Irish product and chemical tanker carrier Ardmore has been out hunting again, this time investing in two second-hand product tankers, says the company in a press release. The two ships of 47,500 dwt, at a price of USD 23 million apiece, were built in Japan in 2008 and will be delivered to Ardmore in October.

This acquisition comes shortly after another transaction, thus stressing the carrier's switch from purchasing newbuildings from the yards to instead acquiring second-hand vessels, a strategy that CEO Anthony Gurnee recently talked about in an interview with ShippingWatch.

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