Ardmore's deficit grows in strained tanker market

The Irish tanker shipping company finished the second quarter with a bigger net deficit in a product tanker market struggling with record-low rates. One factor in particular could help the market get back on track in the years to come, says CEO Anthony Gurnee.
Ardmore CEO Anthony Gurnee | Photo: Ardmore Shipping
Ardmore CEO Anthony Gurnee | Photo: Ardmore Shipping

Ardmore Shipping's deficit grew in in the second quarter.

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