New York-listed Ardmore has paid$20.5m for a 2006 built tanker, in a move first touted by TradeWinds last week.
Anthony Gurnee, chief executive ofArdmore, says the company will retrofit the newcomer to improve itsperformance.
He added in a statement: “With theaddition of this vessel we have increased our fleet size and near term earningspotential. We are furthermore very happy with the price, which comparesfavorably with other recent MR sales and reflects our value-orientedacquisition philosophy.”
While
