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.

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.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs