The company secures $29,600/day time charter equivalent rates with 45% of Q2 2026 capacity already booked.
Ardmore Shipping expanded its Handysize fleet order to four vessels for delivery in late 2028. The move follows a reported time charter equivalent (TCE) rate of $29,600 per day, with 45% of Q2 2026 capacity already contracted.
The company’s latest order builds on prior fleet expansion efforts, reflecting strong demand in the Handysize segment. Rates for comparable periods have fluctuated, but current levels suggest market optimism amid tight supply conditions.
No immediate market reaction was disclosed in the earnings call insights.