Company: ASC
Filing Date: 2025-03-07
Form Type: 20-F
Source: 0001558370-25-002500
Chunk: 24

Company: Ardmore Shipping Corp
Filing Date: 2025-03-07
Form: 20-F
Item: Item 3
Chunk 24
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If the delivery of any vessel is materially delayed or cancelled, especially if we have committed the vessel to a charter under which we become responsible for substantial liquidated damages to the customer as a result of the delay or cancellation, our business, financial condition and results of operations could be adversely affected.

The delivery of vessels we may purchase or sell could be delayed because of, among other things:

  work stoppages or other labor disturbances or other events that disrupt the operations of the shipyard building the vessels;  

  quality or other engineering problems;  

  changes in governmental regulations or maritime self-regulatory organization standards;  
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  lack of raw materials;  

  bankruptcy or other financial crisis of the shipyard building the vessels or of the vessel buyer or seller;  

  our inability to obtain requisite financing or make timely payments;  

  a backlog of orders at the shipyard building the vessels;  

  hostilities or political or economic disturbances in or affecting the countries where the vessels are being built, or the imposition of sanctions on such countries or applicable parties;  

  weather interference or catastrophic event, such as a major earthquake or fire;  

  our requests for changes to the original vessel specifications;  
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  shortages or delays in the receipt of necessary construction materials, such as steel;  

  our inability to obtain requisite permits or approvals; or  

  a dispute with the shipyard building the vessels.  

Delays in the delivery of and installation of new vessel equipment could result in significant vessel down-time and have adverse impacts on our results of operations.

In order to maximize fleet performance and efficiency, we plan to invest from time to time in new technologies to be installed on our fleet. However, the delivery and installation of any new equipment depends on a number of factors, some of which are within our control, such as the location of the vessels on a given date, and other factors which are outside of our control, such as the delivery due date, the availability of qualified personnel to install new equipment and potential bottlenecks in the supply chain. Depending on the type of new equipment to be installed, we may need to co-ordinate delivery and installation in line with vessel drydockings. Any delays in the delivery or installation of new equipment could result in an increase in the number of drydock days and adversely impact our results of operations.

We may not realize all of the anticipated benefits of our investment in scrubbers.