Ardmore reports slow start to 2018

Product tanker carrier Ardmore saw its deficit grow in the first quarter 2018. Despite this fact, CEO Anthony Gurnee still eyes potential for market improvement picking up speed during the year. New sulfur regulations could "boost" demand, projects JP Morgan.

Photo: Ardmore

Ardmore Shipping got a rough start to 2018 as the company's bottom line deficit grew compared to the first months of 2017.

The beginning of the year was "subdued" and impacted by several short-term factors, says CEO Anthony Gurnee in the company's interim report, though he adds that several underlying market fundamentals could trigger improvements in 2018.

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