Ardmore Shipping Expands Tanker Fleet with Additional Newbuilding Options at Wuhu Shipyard

## Ardmore Shipping Expands Newbuilding Programme Ardmore Shipping Corporation (NYSE: ASC) has announced the exercise of options for two additional 40,500 dwt Handysize product/chemical tankers to be constructed at Wuhu Shipyard in China, according to a company press release issued on 27 August 2026. The move expands Ardmore's original newbuilding order, reinforcing the Hamilton, Bermuda-based shipowner's strategic commitment to growing its fleet of modern, fuel-efficient mid-size tankers. The Handysize product/chemical tanker segment has remained a focus for operators seeking flexibility across both clean petroleum product and chemical cargo trades. ### Fleet Growth in a Competitive Market The decision to exercise the newbuilding options reflects broader industry trends, with product tanker owners continuing to invest in fleet renewal and expansion amid sustained demand for seaborne refined product and chemical transportation. Handysize tankers in the 37,000–42,000 dwt range are particularly valued for their ability to access a wide range of ports and terminals, offering commercial versatility across regional and inter-regional trade routes. Wuhu Shipyard, located in Anhui Province, China, has established a track record in the construction of product and chemical tankers for international owners, making it a credible partner for Ardmore's fleet development strategy. ### Strategic Implications By locking in additional tonnage through the exercise of pre-negotiated options, Ardmore secures newbuilding slots and pricing terms agreed under the original contract — a commercially prudent approach in an environment where shipyard capacity and steel costs remain subject to fluctuation. Ardmore Shipping has built its business around the product and chemical tanker sector, operating a fleet designed to meet increasingly stringent environmental and efficiency standards. The addition of further modern Handysize units is consistent with the company's long-term positioning in this segment. Full details of the delivery schedule and contract value were not disclosed in the announcement. Industry observers will be watching for further updates on Ardmore's fleet development plans as the newbuilding programme progresses. *Source: PR Newswire / Ardmore Shipping Corporation press release, 27 August 2026.*