Ardmore Shipping Corp (N:ASC)
Business Focus: Sea-Borne Tankers
| Sector: Energy | Industry: Oil & Gas Transportation Services |
| Company Contact | |
| Address: | 69 Pitts Bay Road HAMILTON HM 08 |
| Tel: | 1-212-4778438 |
| Website: | https://ardmoreshipping.com |
| IR: | See website |
| Key People | ||
| Anthony Gurnee President, Chief Executive Officer, Director | Bart B. Kelleher Chief Financial Officer, Secretary | Mark Cameron Chief Operating Officer, Executive Vice President |
| Aideen O'Driscoll Senior Vice President, Director of Corporate Services | Gernot Ruppelt Senior Vice President, Chief Commercial Officer | |
| Business Overview |
| Ardmore Shipping Corporation is engaged in the ownership and operation of product and chemical tankers in worldwide trade. The Company operates through one segment, which is transportation of refined petroleum products and chemicals. The Company provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. It provides shipping services to customers through voyage charters, time charters, and commercial pools. It has the global network to support its seafarers and deliver shipping services to its customers. Its vessels include Ardmore Seafarer, Ardmore Exporter, Ardmore Explorer, Ardmore Enterprise, Ardmore Engineer, Ardmore Endurance, Ardmore Endeavour, Ardmore Encounter, Ardmore Seahawk, Ardmore Seavanguard, Ardmore Seavantage, Ardmore Seaventure, Ardmore Chippewa, and Ardmore Seavaliant, among others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Ardmore Shipping Corp revenues decreased 11% to $396M. Net income applicable to common stockholders decreased 16% to $113.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Unrealized (losses) / gains on derivativ increase from $3M (income) to $262K (expense). |
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