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.

Photo: PR / Ardmore

Ardmore Shipping was also unable to report a positive result for the second quarter of the year.

The product tanker shipping company booked a deficit of USD 3.4 million in the quarter, a bigger deficit than the USD 2.6 million loss reported for the first three months of the year, according to the company's interim report.

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