Ardmore hopes for low growth in the number of new product tankers

The upturn in other shipping segments could turn out to be a gain for the strained tanker market due to the limited capacity at shipyards, says Ardmore, while presenting a deficit for the second quarter. The Irish product tanker carrier makes predictions for the sector.

Photo: Marine Money

Irish product tanker carrier Ardmore exits the second quarter with a deficit of USD 7.6 million against a profit of USD 13.7 million in the same period last year.

Ardmore is thus the first company to put figures on the downturn that has marked the sector in the past three months, in glaring contrast to the significant growth in both container and dry bulk.

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