Ardmore Shipping Corporation Announces the Delivery of the Ardmore Seafox

Ardmore Shipping Corporation

("Ardmore" or the "Company") today announced that the Company took delivery of the newbuilding Ardmore Seafox on June 25, 2015. The 49,999 deadweight tonne, Eco-design IMO 3 product and chemical tanker was constructed at the SPP Shipbuilding Co., Ltd ("SPP Shipbuilding") Sacheon Shipyard in Korea, and is the second in a series of four SPP newbuildings scheduled to deliver to Ardmore in 2015. Following delivery, the Ardmore Seafox has commenced her initial employment in the Ardmore fleet, contributing to the Company's cashflow and earnings. Anthony Gurnee, CEO of Ardmore, commented: "We are delighted to welcome the Ardmore Seafox to our rapidly expanding operating fleet during a time when the charter market for modern MR product and chemical tankers remains at multi-year highs. We thank SPP Shipbuilding for their hard work in constructing this high-quality vessel, and we look forward to taking delivery of a further four vessels scheduled for delivery under our newbuilding program this year."