HAMILTON, Bermuda, March 3,
2023 /PRNewswire/ -- Ardmore Shipping Corporation
(NYSE: ASC) ("Ardmore" or the "Company") today announced that its
Board of Directors has formed a Sustainability Committee to oversee
and advise on all matters related to corporate sustainability,
including environmental, social and energy transition matters. The
formation of the Sustainability Committee is aimed at ensuring that
Ardmore's business strategies and activities prioritize critical
ESG matters which are expected to have significant, long-term
impacts on the Company's performance and on the product and
chemical tanker industry as a whole.
The Sustainability Committee will be chaired by Dr. Kirsi Tikka, along with members Mats Berglund and Helen
Tveitan de Jong. Kirsi Tikka
has a particular depth of experience relating to this area as a
senior advisor to the shipping industry on issues related to tanker
performance measurement and optimization, a professor of naval
architecture, a member of the US National Academy of Engineering,
and a former Executive Vice President of the American Bureau of
Shipping.
Curtis McWilliams, Chair of the
Board of Ardmore Shipping, commented, "Sustainability informs
everything that we do at Ardmore and aligns with our long-term
business objectives, from top-level strategy to the ways that we
measure and pursue day-to-day performance. Ardmore's early and
outspoken commitment to the principles of sustainability once
marked us as an outlier in our industry. Now, however, our
partners, customers, lenders, investors, and Ardmore team members
regularly cite our sincere and active commitment to sustainability
as one of the most important factors that they consider in choosing
to work with Ardmore. In recognition of the increasingly
consequential discourse around sustainability, ESG, and the energy
transition, we have made the decision to formalize the Board's
commitment to these issues and to ensure Ardmore's continued
leadership in this regard."
Kirsi Tikka, Chair of the
Sustainability Committee, commented, "There are few areas of the
economy where sustainability and the energy transition have such
profound implications as for the shipping industry and the product
and chemical tanker sectors in particular. From new regulations
requiring greater fuel efficiency, to the evolving mix of refined
products and chemicals cargoes that we carry, to the makeup and
strategic priorities of our global customer base and their
end-consumers' drive toward decarbonization, sustainability impacts
what we do, how we do it, and why we do it. By continually
innovating technologically, actively implementing ESG best
practices, and ensuring that we are positioned to carry the cargoes
of the future, we are doing our part to move our industry forward
and to maintain Ardmore's position at the forefront of that
progress."
About Ardmore Shipping Corporation
Ardmore owns and operates a fleet of MR product and chemical
tankers ranging from 25,000 to 50,000 deadweight tonnes. Ardmore
provides seaborne transportation of petroleum products and
chemicals worldwide to oil majors, national oil companies, oil and
chemical traders, and chemical companies, with its modern,
fuel-efficient fleet of mid-size tankers.
Ardmore's core strategy is to continue to develop a modern,
high-quality fleet of product and chemical tankers, build key
long-term commercial relationships and maintain its cost advantage
in assets, operations and overhead, while creating synergies and
economies of scale as the Company grows. Ardmore provides its
services to customers through voyage charters and time charters and
enjoys close working relationships with key commercial and
technical management partners.
Forward-Looking Statements
The statements in this press release that are not historical
facts may be forward-looking statements. These forward-looking
statements involve risks and uncertainties that could cause the
outcome to be materially different. These risks and uncertainties
include, among others, those discussed in Ardmore's public filings
with the U.S. Securities and Exchange Commission. Ardmore
undertakes no obligation to revise or update any forward-looking
statements unless required to do so under the securities laws.
Investor Relations Enquiries:
The IGB Group
Mr. Leon Berman
Tel: 212-477-8438
Fax: 212-477-8636
Email: lberman@igbir.com
Or
Mr. Bryan Degnan
The IGB Group
Tel: 646-673-9701
Email: bdegnan@igbir.com
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SOURCE Ardmore Shipping Corporation