Tanker

Ardmore books Q1 deficit despite increased rates

Although tanker rates have soared, Irish product tanker operator Ardmore Shipping saw a deficit in the first quarter due to a ship sale loss.
Photo: PR/Ardmore Shipping
Photo: PR/Ardmore Shipping
by DAG HOLMSTAD

Despite increasing rates on the tanker market this year and even record-high rate levels in recent weeks for MR product tanker vessels, Ardmore comes out of Q1 with red figures.

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