EX-23.5 10 d200002dex235.htm EX-23.5 EX-23.5

Exhibit 23.5

 

LOGO

Ardmore Shipping Corporation

Belvedere Building

69 Pitts Bay Road, Ground Floor

Pembroke, HM08

Bermuda

20 August 2021

Dear Sir/Madam:

Reference is made to the registration statement on Form F-3 (the “Registration Statement”) and the base prospectus included therein and prospectus supplement relating thereto (the “Prospectus”) of Ardmore Shipping Corporation (the “Company”), filed with the U.S. Securities and Exchange Commission (the “Commission”) on the date hereof, relating to the registration under the Securities Act of 1933, as amended (the “Securities Act”), of the offer and sale of up to $400,000,000 in the aggregate of the Company’s common shares, preferred shares, debt securities, convertible debt securities, warrants to purchase common shares, preferred shares, debt securities or convertible debt securities, and units of common shares, preferred shares, debt securities, convertible debt securities or warrants, in any combination, the registration of the possible offer or resale by the selling securityholder named in the Prospectus, of up to an aggregate of 950,000 common shares previously issued to the selling securityholder in a transaction exempt from the registration requirements of the Securities Act and the public offering of shares of the Company’s common shares having an aggregate offering price of up to $50,000,000 from time to time pursuant to an at-the-market offering program. We hereby consent to all references to our name in the Prospectus and the use of the statistical information supplied by us set forth in the section of the Company’s Form 20-F for the year ended December 31, 2020 (which is incorporated by reference into the Prospectus), entitled “The International Product and Chemical Tanker Industry” in Item 4.B of such Form 20-F. We further advise you that our role has been limited to the provision of such statistical data supplied by us. With respect to such statistical data, we advise you that:

(1) We have accurately described the international products and chemical tanker industry; and

(2) Our methodologies for collecting information and data may differ from those of other sources and does not reflect all or even necessarily a comprehensive set of the actual transactions occurring in the international products and chemical tanker industry.

We hereby consent to the filing of this letter as an exhibit to the Company’s Registration Statement filed with the Commission pursuant to the Securities Act and the reference to our firm in the section of the Prospectus entitled “Experts.”

Yours sincerely,

/s/ Nigel Gardiner

Nigel Gardiner

Group Managing Director

Drewry Shipping Consultants Ltd

LONDON  |  DELHI  |  SINGAPORE  |  SHANGHAI

Drewry Shipping Consultants, 35-41 Folgate Street, London E1 6BX, United Kingdom

t: +44 (0) 20 7538 0191    f: +44 (0) 20 7987 9396    e: enquiries@drewry.co.uk

Registered in England No. 3289135    Registered VAT No. 830 3017 77

www.drewry.co.uk