Bermudian-headquartered Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has appointed James Fok to the company's board as a class III director.

The company said he was expected to serve on the audit and nominating committees.

Mr Fok has more than 20 years of experience as a financial and strategic adviser to corporations and governments, with particular expertise in Asian cross-border capital markets transactions and mechanisms.

From 2012 until 2021, he served as a senior executive at Hong Kong Exchanges and Clearing, playing a major role in a number of landmark capital markets internationalisation initiatives.

He serves as an adviser to Bain & Company, is on the advisory board of Hex Trust, a provider of bank-grade custody for digital assets, and serves as an international member of Ireland for Finance's industry advisory committee.

Curtis McWilliams, chairman of the board, said: "We are delighted to welcome James to the Ardmore board, where we expect to benefit from his extensive expertise in Asian financial markets and business culture, along with his unique perspective on the macroeconomic and geopolitical factors shaping our industry.

“As we continue to focus on financial strength and operational excellence with our fleet of modern, fuel-efficient product and chemical tankers, we believe James will play an important role in ensuring that Ardmore continues to prosper in an ever-changing and increasingly complex world."

Ardmore owns and operates a fleet of medium-range product and chemical tankers ranging from 25,000 to 50,000 deadweight tonnes.

The company provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies.