Ardmore sees wider losses amid weak charter market
Ardmore Shipping Corporation reported net losses of $26m in the nine months ending in September, down from a loss of $8.7m in the same period last year. The company’s chief executive cited a bottoming out of MR charter rates in the third quarter, but saw a positive outlook for 2019
The outlook remains positive for MR tonne-mile demand, said the company’s chief executive, who cited oil consumption growth, refinery expansions, vessel supply outlook and heightened demand from next year’s marine fuel switch
If content does not display, please refresh your browser.
Not a subscriber?
Find out about tailored subscription packages:
T: +44 (0) 20 3377 3792