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Ardmore

Read all the latest news about Ardmore. ShippingWatch gives you independent, credible, critical and fair news.

Weak fourth quarter pushes Ardmore into the red

A deficit of USD 19.5 million in the fourth quarter helped turn a profit into a deficit for the full year for Irish product tanker operator Ardmore, which reports a loss of USD 6 million for 2020.

Hafnia continues hunt for Ardmore but will not raise its offer

Hafnia continues its efforts to take over Ardmore, but the company is not preparing a new, improved offer for the competitor, says CEO Mikael Skov. He denies that Hafnia's offer is far too low, and he calls on shareholders to focus on the long-term benefits of merging the two companies.

Major tanker operator publishes its CO2 emissions

Ardmore Shipping has begun publishing details about its ships' CO2 emissions. The measuring will continue going forward, even though it is still "really early days" for the shipping sector's CO2 disclosures, CEO Anthony Gurnee tells ShippingWatch.

Ardmore continues to lose money

The deficit grew at Ardmore Shipping in the second quarter, when rates were allegedly kept down by refineries undergoing preparations for the IMO sulfur cap. The product tanker shipping company expects significant improvements going forward.

Ardmore fortsætter med at tabe penge

Underskuddet voksede hos Ardmore Shipping i andet kvartal, hvor raterne angiveligt blev holdt nede af raffinaderiernes forberedelser til IMO's svovlkrav. Produkttank-rederiet forventer markant bedring fremadrettet.

The Sohmen-Pao family trumped Maersk's bid on Hafnia

Maersk Tankers wanted to acquire Hafnia's fleet, but was beaten by BW Group and the Sohmen-Pao family with an attractive offer to buy the entire shipping company. ShippingWatch reconstructs the story about how one of the world's biggest product tanker carriers was created.

Ardmore appoints new chairman

The tanker carrier's current chairman will step down from his position at the turn of the year. His replacement has been found within the board.

Ardmore's CEO expects real recovery late next year

The Irish tanker carrier points to increasing MR rates in the fourth quarter, but a real recovery is not expected until late next year, says CEO Anthony Gurnee to ShippingWatch, contradicting announcements from Torm and Concordia Maritime.

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