![]() The sale is consistent with Ardmore’s capital allocation strategy while maintaining our commercial scale and earnings upside. ![]() “We are very pleased to work with Leonhardt & Blumberg for a sale and charter-back on three of our MR tankers. When the vessels are taken over between June and August of this year, the current ship names will receive the L&B-typical prefix "Hansa".Īnthony Gurnee, Ardmore's Chief Executive Officer, commented on the announcement: Completion of each of the vessel sales is subject to the satisfaction of certain conditions, including, for one vessel, a proposed closing date currently in advance of the current purchase lease option exercise date for that vessel. ![]() Immediately following the completion of the sales, which are expected to take place in the second quarter, Ardmore will time charter each vessel from Leonhardt & Blumberg for a minimum of two years. Leonhardt & Blumberg acquires Vessels from Ardmore Shipping Hamburg, April 4th, 2022: Leonhardt & Blumberg and Ardmore Shipping Corporation announced today that they had agreed terms for the sale of three 2008-built MR product tankers to Leonhardt & Blumberg for an aggregate price of $40 million.
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