Ardmore Shipping in Q1 deficit

The tanker carrier suffered a deficit in the first quarter 2017, but points to very positive developments in the market for medium range tankers, notes CEO Anthony Gurnee.

Photo: Ardmore

Ireland's Ardmore Shipping eyes a tanker market in which market fundamentals, according to the tanker carrier, indicate a "very positive" development for tanker vessels in the Medium Range (MR) segment, which accounts for a majority of the fleet, projects CEO Anthony Gurnee in Ardmore's first quarter interim report, which shows that the carrier suffers a deficit for the first three months of the year.

Looking beyond the near-term spot market, we remain confident that the underlying fundamentals and outlook for the MR tanker sector are very positive"

Anthony Gurnee, CEO, Ardmore Shipping

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