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New ships help Ardmore land a small profit

Product and chemical tanker carrier Ardmore finally escaped the deficit in the second quarter 2014, where new ships helped pull the carrier into the black.

Photo: Ardmore

Ardmore was finally able to let go of the deficit in the second quarter 2014, where the product and chemical tanker carrier sneaks into the black with a net result of USD 100,000, compared to a USD 1.2 million deficit in the same period last year. The adjusted operating result (EBITDA) came to USD 5.3 million, up from USD 3 million in the second quarter 2013, according to the carrier's interim report.

And CEO Anthony Gurnee is pleased that the carrier is able to present a positive result for the second quarter, a development especially attributed to new ships joining the fleet:

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