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Monday, July 15, 2019

Ardmore Shipping Corporation News

(L-R) Reginald Jones and Curtis McWilliams. Photo: Ardmore Shipping

Ardmore Shipping Appoints Curtis McWilliams as Chairman

The US-based chemical tanker company  Ardmore Shipping Corporation announced that Reginald L. Jones is stepping down as Chairman of the Board of Directors of the Company effective December 31, 2018. Curtis McWilliams has been appointed as Chairman of the Board effective January 1, 2019, said a stock exchange announcement from the company.Jones will remain as a director until the Company's annual general meeting in 2019, when he does not intend to stand for re-election. He is a co-founder and Managing Partner of Greenbriar Equity Group LLC…


CWR Launches Shipping Efficiency Advisory Board

Six leaders and influencers from across the shipping industry will join global NGO Carbon War Room’s (CWR’s) Shipping Operation Advisory Board. Their backgrounds span the shipowning, chartering, technical analysis, finance, and academic worlds. The board will lend extensive industry insight and support CWR’s mission to profitably decarbonise the international shipping industry. Galen Hon, Manager, Shipping Operation, Carbon War Room, commented: "We are thrilled to have gathered a group with so much knowledge and experience in shipping.

Trident Alliance Welcomes New Members

Trident Alliance, the shipping industry initiative for fair competition through robust enforcement of maritime sulphur regulations, explores solution initiatives and welcomes four new members. Since its inception in July, the Trident Alliance has engaged in a number of industry conferences, working groups and media interviews to realize its objective of raising awareness around the lack of enforcement of sulphur regulations and the risk to human health, the environment and fair competition that this entails.

Mark Cameron (Photo: Ardmore)

Ardmore COO Cameron Appointed IPTA Chairman

Ardmore Shipping Corporation’s chief operating officer, Mark Cameron, has been appointed chairman of the International Parcel Tanker Association (IPTA). The position was formally confirmed at the annual AGM in Berlin, October 2015, where he took over the role from outgoing chairman, Hugo Finlay, of Essberger Tankers. The role will focus on continued policy development and implementation of agreed IPTA positions on key issues such as the development of global regulations on Monitoring…

Photo: Ardmore Shipping Corporation

Ardmore Shipping Announces Secondary Public Offering by GA Holdings

Ardmore Shipping Corporation announced that GA Holdings LLC intends to offer for sale in an underwritten public offering 4,000,000 shares of the Company's common stock. The Selling Shareholder expects to grant the underwriters a 30-day option to purchase up to an additional 600,000 shares of common stock. The shares to be sold by the Selling Shareholder, excluding shares subject to the option, represent approximately 49% of the shares held by the Selling Shareholder. The Company is not selling any shares and will not receive any proceeds from the proposed offering.

Celio Wakamatsu (Photo: Ardmore Shipping Corporation)

Ardmore Shipping Opens Office in Singapore

Ardmore Shipping Corporation announced it has opened a new commercial office in Singapore as the company eyes expansion for its Asian and Middle Eastern operations. The firm also added Celio Wakamatsu as Chartering Manager and Retno Muninggar as Voyage Manager. Wakamatsu joins Ardmore from Petrobras’ Singapore office, where he has been working for two years, following his work with the company in Houston and Brazil. He brings with him 13 years of chartering experience across all tanker sizes and cargo types and holds a degree in Civil Engineering…