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Bermuda-based artefact and actinic tankers buyer Ardmore Shipping Corporation appear that it has active bounden agreements for the refinancing of three vessels.

The provider of seaborne busline of petroleum articles and chemicals common to oil majors has active agreements for the auction and leaseback, beneath a accounts allotment arrangement, of the Ardmore Exporter and Ardmore Seavanguard, two 2014-built 50,000 Dwt Eco-design MR tankers, with a high-quality financier in China.

The allotment agreements are for a aeon of seven years, and the Company has options to repurchase anniversary barge at assorted stages above-mentioned to maturity.

Additionally, Ardmore has active an acceding for the auction and leaseback, beneath a accounts allotment arrangement, of the Ardmore Engineer, a 2014-built 50,000 Dwt Eco-design MR tanker, with a high-quality financier in Japan. The allotment acceding is for a aeon of eleven years, and the Company has options to repurchase the barge at assorted stages above-mentioned to maturity.

Anthony Gurnee, Ardmore’s Chief Executive Officer, said: “We  have assured these refinancings on actual favorable terms, commutual our accepted appearance of auction – leasebacks and appropriately acceptable our banking flexibility. We are additionally encouraged by the cogent advance in MR allotment ante over the accomplished several weeks.”

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He added: “With our bourgeois antithesis sheet, able clamminess position and convalescent bazaar conditions, we accept Ardmore is able-bodied positioned to actualize cogent actor amount in the advancing alternate recovery.”

Ardmore owns and operates a agile of MR artefact and actinic tankers alignment from 25,000 to 50,000 accountability tonnes.

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