First came in with the new, and now it is out with the old as Ardmore Shipping struck a deal to sell a 14-year-old product tanker after buying a younger secondhand vessel.
And the sale comes with a price tag that represents a significant capital gain for the New York-listed tanker owner.
The company has sold the 50,100-dwt Ardmore Seafarer (built 2010) for $27.2m,
