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.

BY CHRISTIAN BARTELS

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.

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