Ardmore Shipping is refinancing three eco-design medium-range (MR) tankers through sale-and-leaseback agreements.
The New York-listed company has agreed to sell the 50,000-dwt Ardmore Exporter and Ardmore Seavanguard (both built 2014) to a Chinese buyer in exchange for a seven-year lease.
It also plans to offload the 50,000-dwt Ardmore Engineer (built 2014) to a Japanese financier and then lease it back for 11 years.
