In February, 2015, the Company took delivery of the Ardmore Dauntless and the Ardmore Defender, from the Hyundai Mipo Dockyard in Korea. The Ardmore Dauntless, a 37,764 DWT Eco-design IMO 2 product and chemical tanker, was delivered to Ardmore on February 13, 2015. The Ardmore Defender, her sister ship, is a 37,791 DWT Eco-design IMO 2 product and chemical tanker and was delivered on February 25, 2015.

On March 27, 2015, the Company took delivery of the Ardmore Cheyenne, a 25,215 DWT Eco-design IMO 2 product and chemical tankerconstructed at Fukuoka Dockyard in Japan.

Anthony Gurnee, CEO of Ardmore Shipping, commented:

“We are pleased to expand our operating fleet of modern, fuel-efficient MR product and chemical tankers in a robust rate environment. These vessels were all built at high-quality Japanese and Korean shipyards and incorporate the latest vessel designs to optimize performance. All four vessels commenced their initial employments upon delivery and will immediately contribute to growth in earnings and cashflow.  The fundamentals of the product market remain highly compelling. We look forward to taking delivery of our remaining six newbuild vessels throughout 2015; at that point, we will have completed our current, fully-funded newbuilding program and increased our revenue generating capacity by approximately 70% from 2014. With each additional delivery, we will realize even greater benefit from the strong charter market and thereby continue to build shareholder value.”