ShippingWatch

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.

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

Schedule reliability among container lines drops to historic low

August represented a historic low point for container carriers' schedule reliability. Only three out of ten container vessels – or 33.6 percent – managed to deliver goods on time, according to new figures from Sea-Intelligence. Reliability hasn't been lower in the ten years the analyst firm has monitored reliability.

Further reading

Related articles

Trial banner

Latest news

See all jobs