Ardmore Shipping Exercises Options for Two IMO II Tankers at Wuhu Shipyard

Ardmore Shipping Corp (ASC) furnished an SEC Form 6-K — earnings release. Exhibit 99.1 Ardmore Shipping Corporation Announces Financial Results For The Three and Six Months Ended June 30, 2026 HAMILTON, Bermuda, July 29, 2026 - Ardmore Shipping Corporation (NYSE: ASC) (“Ardmore”, the “Company” or “we”) today announced results for the three and six mont

Ardmore Shipping (NYSE: ASC) said it exercised options for two additional 40,500 dwt Handysize product/chemical tankers at Wuhu Shipyard, expanding an original order to four vessels total on the same terms. Deliveries are expected from late 2028 onward. The company also secured two more options at similar terms.

The article says the IRGC assessed a U.S.-Iran war risk as “low,” which it says contributed to a drop in crude oil prices. Louis Navellier says energy and tanker stocks remain attractive, citing strong forecast sales/earnings and longer routes and Strait of Hormuz bottlenecks. It also notes Elbit Systems Q1 revenue rose 15.5% to $2.189B, beating expectations, and Micron’s UBS price target was raised to $1,625.

Bravo Mining's Luanga project in Brazil saw its after-tax NPV rise 16% to $1.45B (C$2B) in a new study, with a 35% IRR and 2-year payback. The update includes a smelter, increasing capital but improving economics. Bravo aims to apply for an installation license this year. Shares fell 1.5% to C$3.21.

GameStop CEO Ryan Cohen bought 1.15 million shares, spending $26.4 million. His holdings now total 40.49 million shares. The purchase was not pre-scheduled. Shares rose 3.8% Tuesday. Cohen and three directors recently bought shares. GameStop proposed acquiring eBay for $55.5 billion, which was rejected. Cohen is considering a partnership instead.

The U.S. State Department approved a $159 million deal for Boeing (BA) to provide aircraft ferry support and related equipment to Japan. Boeing will act as the principal contractor, according to the department's statement.