Tanker

Ardmore Shipping turns large deficit into record profit

The Irish carrier begins the season of annual reports within the product tanker segment by presenting a record profit, and the company eyes further progress ahead.
Photo: Pr/ardmore Shipping
Photo: Pr/ardmore Shipping
by DAG HOLMSTAD

Ardmore Shipping turned things around completely in 2022 and managed to set a new earnings record, landing a net result of USD 135m compared to a large deficit of USD 38m the year before, according to a statement on the annual report.

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