ShippingWatch

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

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Norden reshuffles management and dials up growth ambitions

Norden establishes a new business structure and a new senior management team. This will entail increased growth in the carrier's tanker pool and investments in port logistics for an annual USD 20-40 million, CEO Jan Rindbo tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs