Tanker

Ardmore reports increased demand due to Red Sea crisis

The strong winter season for tanker shipping companies will be further boosted by the problems in the Panama Canal and the Red Sea, according to the Irish company, which ended 2023 with a big profit.
"The simultaneous restrictions in the Panama Canal and Suez Canal are currently driving substantial incremental tonne-mile demand," says Anthony Gurnee, CEO at Ardmore | Photo: Pr/ardmore Shipping
"The simultaneous restrictions in the Panama Canal and Suez Canal are currently driving substantial incremental tonne-mile demand," says Anthony Gurnee, CEO at Ardmore | Photo: Pr/ardmore Shipping
by DAG HOLMSTAD

There are silver linings to the Red Sea crisis and low water levels in the Panama Canal — if you are a tanker shipping company.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs