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Displaying items by tag: Ardmore Group newbuilds

#ArdmoreGroup – As previously reported, Ardmore Shipping Group has purchased two 50,300 dwt IMO 3 class eco-product tankers worth $68m / €50m from South Korean shipbuilders, SSP, writes Jehan Ashmore.

Ardmore Shipping eventually intend to control a 24-strong fleet and recently the shipping group based out of Mahon in Cork Harbour, was floated on the New York Stock Exchange which raised $140m.

According to The Sunday Independent, the float made $128m in cash combined with a $235m credit facility is to fund an expanding fleet programme.

Currently the latest fleet member is Ardmore Seavaliant of 49,999dwt and her sister Ardmore Seaventure. Both these product-tankers were also completed by SSP Shipbuilding. In addition, there is a trio of product tankers albeit slightly smaller in the region of 46,000dwt.

Completing the fleet, there is another trio of vessels, albeit chemical tankers which range from 17,000-29,000 dwt. Likewise, they were launched from the same shipyard on the Korean peninsula. To review current feet and newbuild orders, click this LINK.

Ardmore Shipping was founded in 2010 and in which is ultimately controlled from the Pacific Ocean state of the Marshall Islands, where the entire fleet is registered and flagged.

Published in Ports & Shipping

The Half Ton Class was created by the Offshore Racing Council for boats within the racing band not exceeding 22'-0". The ORC decided that the rule should "....permit the development of seaworthy offshore racing yachts...The Council will endeavour to protect the majority of the existing IOR fleet from rapid obsolescence caused by ....developments which produce increased performance without corresponding changes in ratings..."

When first introduced the IOR rule was perfectly adequate for rating boats in existence at that time. However yacht designers naturally examined the rule to seize upon any advantage they could find, the most noticeable of which has been a reduction in displacement and a return to fractional rigs.

After 1993, when the IOR Mk.III rule reached it termination due to lack of people building new boats, the rule was replaced by the CHS (Channel) Handicap system which in turn developed into the IRC system now used.

The IRC handicap system operates by a secret formula which tries to develop boats which are 'Cruising type' of relatively heavy boats with good internal accommodation. It tends to penalise boats with excessive stability or excessive sail area.

Competitions

The most significant events for the Half Ton Class has been the annual Half Ton Cup which was sailed under the IOR rules until 1993. More recently this has been replaced with the Half Ton Classics Cup. The venue of the event moved from continent to continent with over-representation on French or British ports. In later years the event is held biennially. Initially, it was proposed to hold events in Ireland, Britain and France by rotation. However, it was the Belgians who took the ball and ran with it. The Class is now managed from Belgium. 

At A Glance – Half Ton Classics Cup Winners

  • 2017 – Kinsale – Swuzzlebubble – Phil Plumtree – Farr 1977
  • 2016 – Falmouth – Swuzzlebubble – Greg Peck – Farr 1977
  • 2015 – Nieuwport – Checkmate XV – David Cullen – Humphreys 1985
  • 2014 – St Quay Portrieux – Swuzzlebubble – Peter Morton – Farr 1977
  • 2013 – Boulogne – Checkmate XV – Nigel Biggs – Humphreys 1985
  • 2011 – Cowes – Chimp – Michael Kershaw – Berret 1978
  • 2009 – Nieuwpoort – Général Tapioca – Philippe Pilate – Berret 1978
  • 2007 – Dun Laoghaire – Henri-Lloyd Harmony – Nigel Biggs – Humphreys 1980~
  • 2005 – Dinard – Gingko – Patrick Lobrichon – Mauric 1968
  • 2003 – Nieuwpoort – Général Tapioca – Philippe Pilate – Berret 1978

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