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

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.

The Irish product tanker operator saw a net loss of USD 7.9m in the first quarter, according to a financial statement.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

HMM doubled revenue in Q1

South Korean container line HMM follows the trend of European competitors, which have already presented their first-quarter financials. Revenue doubled in a significant surge.

Further reading

Related articles

Latest news

See all jobs