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.

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