Ardmore CEO warns of false sense of security following tanker boom

Irish tanker company Ardmore Shipping approaches its highest rates ever, but also warns against being fooled by the numbers. If Saudi Arabia and Russia strike a deal, things will turn around with one stroke, CEO Anthony Gurnee tells ShippingWatch.

Photo: Marine Money

The booming tanker market risks creating a false sense of security, and it is only a matter of time before the situation changes, says Anthony Gurnee, chief executive of Irish product tanker carrier Ardmore Shipping.

In an interview with ShippingWatch, he warns his competitors against excessive excitement.

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

Banks predict more upgrades from container carriers

Maersk won't be the only carrier to announce an upgrade due to a red-hot container market fueled by sky-high rates and massive demand. Others will raise their expectations as well, according to SEB Enskilda and Sydbank.

Further reading

Related articles

Trial banner

Latest news

See all jobs