Bryan Degnan: Good morning, everyone. Welcome to Ardmore Shipping s 2023 Investor Day, during which we will also be covering the Company s results for the Fourth Quarter and Full-Year 2022.
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Capital Link virtual conference panel Both owners and analysts see a positive path ahead for the product tanker market in 2021, particularly in the second half of the year.
Lead shipping analyst at Jefferies Inc., Randy Giveans wrote in his recent research report on the products sector: “We believe refined products tanker rates are on the road to recovery, especially in the latter half of this year as inventories are worked down and markets normalize post Covid-19.”
A panelist at Capital Link’s early March International Shipping Conference, Tony Gurnee, the CEO of Ardmore Tankers set the stage for the session, putting 2020 in context, saying that “Net, net it was a rollercoaster but net, net a good year”.