Dislocations in product tanker positions driven by the Russia-Ukraine conflict amid low levels of global product inventories and a seasonal surge in South American diesel demand boosted Ardmore Shipping’s Medium Range time charter equivalent values 63.5% for the second quarter with 50% fixed to $25,500/d from the $15,600/d earned during the first quarter, the company .
Ardmore Shipping Corporation announced results for the three months ended March 31, 2022. Highlights and Recent Activity Reported a net loss of $7.9 million for the three months ended March 31, 2022, or $0.23 loss per basic and diluted share, which includes $6.9 million in respect of the loss on the vessels held for sale .
/PRNewswire/ Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three months ended March 31, 2022..