Ardmore Shipping Provides Update on Fleet Investment, Dividend Policy, and Vessel Sale
Ardmore Shipping Corporation (ASC)
Last ardmore shipping corporation earnings: 2/11 08:30 am
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US:NYSE Investor Relations:
ardmoreshipping.com
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Source: PR Newswire
Signed contracts for the construction of two option two 40,500 dwt IMO2 product/chemical tankersDoubling dividend payout ratio to two-thirds of adjusted earnings, effective 1Q 2026 Agreed sale of one 2014-built MR tanker for $35.5 million with June deliveryMR Spot TCEs of $33,700 per day for 1Q 2026 and fixed $50,000 per day in 2Q 2026 to-date HAMILTON, Bermuda, April 29, 2026 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today provided the following update on capital allocation, vessel sale, and latest TCE guidance.Fleet InvestmentThe Company signed contracts for the construction of two highly-efficient and versatile 40,500 dwt Handysize product/chemical tankers at Wuhu Shipyard, at a price of $44.9 million per vessel, inclusive of approximately $3 million for full IMO2 specification and MarineLine tank coatings. In addition, the Company is commissioning various performance and safety upgrades. The agreement also includes options to acquire two
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News
- Ardmore Shipping Announces First Quarter 2026 Conference Call and WebcastPR Newswire
- Ardmore Shipping (ASC) was given a new $19.00 price target by Evercore Inc.MarketBeat
- ???????????????????????????????????2035????611?5,000??????????? [CNET News]CNET News
- Ardmore Shipping: If Returns Don't Improve, A Takeover Is The Best Path (Downgrade) [Seeking Alpha]Seeking Alpha
- Ardmore Shipping Corporation (ASC) Benefits from Strong Freight Market Conditions [Yahoo! Finance]Yahoo! Finance
ASC
Earnings
- 7/30/25 - Beat
ASC
Analyst Actions
- 4/22/26 - Evercore ISI Group
ASC
Sec Filings
- 3/18/26 - Form 3
- 3/18/26 - Form 3
- 3/18/26 - Form 3
- ASC's page on the SEC website