Ardmore: Low fleet growth sets the stage for product tanker recovery

Though Ardmore's revenue overall increased slightly more than USD 30 million, the carrier booked a deficit in 2017. The charter market was "soft" during the year, says CEO, noting bright spots in 2018.

Photo: Ardmore

Product tanker carrier Ardmore's top line grew in 2017, yet the bottom line went from positive to negative compared to 2016, according to the annual report, published Wednesday.

CEO Anthony Gurnee notes in the report that Ardmore continues to execute its strategy despite "soft charter market conditions."

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