Product tankers help double Ardmore's profits

Thanks to a strong market for product tankers and a crude oil market with new business opportunities, Ardmore's profits have doubled since the third quarter last year, writes CEO Anthony Gurnee.

Photo: Ardmore

The tense situation in the oil and its associated industries have helped the chemical and product tanker company Ardmore deliver a net profit of USD 24.5 million (EBITDA) for the third quarter of this year, while sales tripled within the same period.

That's the emerging picture from Ardmore's third quarterly results.

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