Ardmore Shipping has raised its profit potential with the addition of six medium range (MR) products tankers from John Fredriksen in a deal that showed the door to the capital markets is not as tightly closed as many believed.
TradeWinds reported yesterday that Ardmore had snapped up the tankers from Fredriksen's Frontline, moving the seller out of MR ownership.
Anthony Gurnee, chief executive of Ardmore, said in a statement provided to TradeWinds: "The acquisition of these six ships increases Ardmore Shipping's fleet by almost one-third by tonnage and significantly strengthens our earnings power.
"They
