Gain on sale of vessel |
12 Months Ended | ||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||
| Gain on sale of vessel | |||||||||||||||||||
| Gain on sale of vessel | 10. Gain on sale of vessel In February 2024, the Company agreed to sell the 2010-built Ardmore Seafarer for $27.1 million. Effective February 14, 2024, the Company reclassified the vessel as held for sale and ceased to depreciate it. A gain of $12.3 million was recognized when the vessel was delivered to the buyer in April 2024. No vessels were sold during 2025 or 2023. The gain on the sale of the Ardmore Seafarer for the year ended December 31, 2024 is calculated as follows:
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