ARDMORE SHIPPING LIMITED

Ardmore Shipping Corporation (NYSE: ASC) is a company primarily involved in the seaborne transportation of petroleum products and chemicals. Based out of Hamilton, Bermuda, Ardmore Shipping serves the global market by operating a fleet of modern, eco-design MR product and chemical tankers. The company is recognized for its focus on high standards of safety, environmental performance, and operational efficiency.

Key Details:

Fleet: Ardmore's fleet usually consists of MR product (medium-range) and chemical tankers. These vessels are typically designed to meet stringent environmental and safety regulations, emphasizing fuel efficiency and operational flexibility.
Clients: The company serves major oil companies, national oil companies, and chemical companies. Their operations support the transportation needs of these clients across vast geographic regions, including but not limited to North America, Europe, Asia, and the Middle East.
Management and Operations: Ardmore Shipping prides itself on robust operational standards. The company focuses on leveraging technological advancements and strong management practices to optimize the performance of its fleet. It also emphasizes stringent monitoring and maintenance to ensure vessel reliability and safety.
Environmental Initiatives: The company is committed to sustainability and environmental stewardship. Efforts include adopting eco-design features that lower fuel consumption and emissions, thus reducing their carbon footprint and aligning with global regulatory requirements.
Financial Performance: Ardmore Shipping Corporation’s financial performance can vary with market conditions, including global economic factors, supply and demand for shipping capacity, and prices for oil and chemicals. The company reports its financials quarterly and annually, which are publicly available for investor scrutiny.
Strategic Goals: The company's strategy often includes growth through fleet acquisitions, optimization of existing assets, and possibly, strategic alliances or ventures. They aim to balance their fleet portfolio to capitalize on market opportunities while maintaining financial prudence.
Leadership: The executive team typically comprises seasoned professionals with extensive experience in maritime, logistics, and global shipping industries. Their leadership plays a crucial role in steering the company through market cycles and competitive landscapes.

Conclusion:

Ardmore Shipping Corporation is a notable player in the maritime transportation of petroleum products and chemicals, known for its modern fleet, operational efficiency, and commitment to safety and environmental standards. It continues to adapt to changing market dynamics and regulatory landscapes to ensure sustainable growth and value creation for its stakeholders.

Cork Ireland

St Michael's Drive
Cork Cork
Ireland

Ships

ARDMORE CENTURION

Chemical Carrier | Flag: Republic of Marshall Islands | Port: MAJURO

ARDMORE SEAVALIANT

Oil Carrier | Flag: Republic of Marshall Islands | Port: MAJURO

ARDMORE SEAVENTURE

Oil Carrier | Flag: Republic of Marshall Islands | Port: MAJURO

Maritime News

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MOL and JERA Ink Charter for LNG Carrier Newbuild

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Mitsui O.S.K. Lines (MOL) has signed a long-term charter contract for a newbuilding LNG carrier with a vessel operation management company funded by JERA.This is the eighth contract for LNG carrier signed with JERA. The vessel will be built at the Geoje Shipyard of Samsung Heavy Industries, and is scheduled for delivery in 2026.It will be 290 meters long, with a breadth of 45.8 meters. It will feature a membrane tank of 174,000 m3.The vessel will be managed by MOL and will transport LNG for JERA.

Pirates: More Guns, More Hostages

3 days ago

The ICC International Maritime Bureau (IMB) has reported an increase in the number of crew taken hostage or kidnapped in 2024.The IMB annual Piracy and Armed Robbery Report recorded 116 incidents against ships in 2024 compared to 120 in 2023 and 115 in 2022. It reveals that 94 vessels were boarded, 13 attempted attacks, six vessels hijacked and three fired upon.While the number of reported incidents in 2024 remains similar to those reported in 2023 and 2022, the number of crew taken hostage or kidnapped increased to 126 taken hostage in 2024 compared to 73 in 2023 and 41 in 2022. Twelve crew were reported kidnapped, compared to 14 in 2023 and two in 2022.

James Fishers Orders Four LNG Dual-Fuel Tankers

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James Fisher and Sons has ordered four new LNG dual-fuel tankers from China Merchants Jinling Shipyard (Yangzhou) Dingheng as part of its ‘fleet of the future’ business strategy.The new tankers, which will carry oil products and IMO Class II chemicals, will have LNG dual-fuel propulsion capability, expected to help to reduce operational CO2 emissions and associated environmental impact over the long-term.A number of features that will add to the overall sustainability of the new builds have been carried over from recent additions to the company’s fleet, vessels Sir John Fisher and Lady Maria Fisher.