Getting closer

Ireland-based Ardmore Shipping has nearly completed the full financing of its fleet.

The company said it was in “late-stage discussions” with a leading shipping bank over a credit facility for its 2006-built products tanker Ardmore Seamariner (46,000 dwt).

A deal is expected in the near term.

This would mean Ardmore has fixed financing for all its operational vessels, plus newbuildings on order.