Ardmore Shipping

The world is running short of diesel. Product tankers could win big

product tankers shipping diesel

Retail gasoline prices in the U.S. are up 45% year on year. Diesel used by American truckers is up 75% and just hit an all-time high. But this is not just an American problem. Pain at the pump is global. And the specialized tanker vessels that transport diesel, gasoline, jet fuel and other petroleum products from one country to another are in prime position to profit.

Fuel flows globally to where it earns the highest return. Case in point: As U.S. diesel prices have skyrocketed, American exports...

https://www.freightwaves.com/news/the-world-is-running-short-of-diesel-product-tankers-could-win-big

War and shipping stocks: Container, dry bulk, product tanker shares up

shipping stocks

The Russia-Ukraine war is the kind of geopolitics-altering event that should shake up trade flows for years to come, promising big repercussions for shipping shares.

A month into the conflict, American Shipper spoke with Randy Giveans, shipping analyst at Jefferies, about how the war is affecting — or not yet affecting — the stocks in different vessel segments.

There have been some big stock moves already, outperforming the broader stock market. But it’s still too early to see the full impact....

https://www.freightwaves.com/news/war-and-shipping-stocks-container-dry-bulk-product-tanker-shares-up

How low can tankers go? Analysts slash rate forecasts (again)

tanker shipping stocks

The outlook for tanker rates was already dicey. After the worst year in three decades in 2021 and a terrible start to 2022, analysts have just cut their rate forecasts and pushed back their recovery timelines, yet again.

As one tanker owner told brokerage Fearnleys, “The light at the end of the tunnel has been visible for quite some time, but right now it feels more like that’s a truck coming toward you.”

Jefferies

Jefferies analyst Randy Giveans cut his tanker rate estimates on Wednesday, the...

https://www.freightwaves.com/news/how-low-can-tankers-go-analysts-slash-rate-forecasts-again

‘Gobbling up’ cargo: How crude tankers cannibalized product tankers

tanker shipping

Good news for refined product tankers: Those “cannibals” over in the crude business have temporarily stopped feasting on their cargoes.

Some tankers are specifically designed with coated tanks to switch between crude oil and refined products like gasoline and diesel. But even uncoated crude tankers can carry products if they’re brand new on their maiden voyage out of an Asian shipyard.

That is exactly what they’ve done in 2021, more so than ever before.

Newly delivered crude tankers in the VLCC...

https://www.freightwaves.com/news/gobbling-up-cargo-how-crude-tankers-cannibalized-product-tankers

Τα χειρότερα πέρασαν για τα product tankers;

Φως στην αγορά των product tankers επιχειρεί να ρίξει με νέα της ανάλυση η Drewry. Ειδικότερα, ο οίκος αναλύσεων τονίζει ότι η συγκεκριμένη αγορά από τον Απρίλιο του 2020 έως σήμερα είναι αντιμέτωπη με σημαντικές διακυμάνσεις, απόρροια της πανδημίας. Χαρακτηριστικό είναι το γεγονός ότι, ενώ τα μέσα κέρδη για τα MR τον Απρίλιο του 2020 ξεπέρασαν τα $60.000/ημέρα, καταγράφοντας μηνιαία αύξηση 97%, οι συνθήκες της αγοράς άλλαξαν δραστικά τους επόμενους μήνες, καθώς κορυφαίοι παραγωγοί πετρελαίου...

https://www.naftikachronika.gr/2021/09/10/ta-cheirotera-perasan-gia-ta-product-tankers/

Ardmore Unveil Definitive Agreement for Methanol-to-Hydrogen Technology

Ardmore Shipping announces definitive agreements on strategic investment in Element 1 Corp., establishment of e1 marine joint venture, and preferred stock financing, says a press release published on their website.

Strategic investment

Ardmore Shipping Corporation (NYSE: ASC) (“Ardmore” or the “Company”) announced that it has entered into definitive agreements for the previously announced strategic investment into Element 1 Corp.’s unique methanol-to-hydrogen technology, including the...

https://mfame.guru/ardmore-unveil-definitive-agreement-for-methanol-to-hydrogen-technology/

Ardmore Partners With Lean Marine To Enhance Fleet Efficiency

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  • Successful performance of Lean Marine’s FuelOpt on the Ardmore Sealion prompts Ardmore Shipping to equip the balance of its fleet with propulsion optimization technology to improve overall fleet efficiency.
  • Lean Marine and Ardmore will also collaborate closely to enhance the overall performance of the Ardmore fleet and help these vessels achieve more sustainable ship operations.

According to an article published in Offshore Energy, Swedish company Lean Marine has been contracted to install its...

https://mfame.guru/ardmore-partners-with-lean-marine-to-enhance-fleet-efficiency/

Ardmore Shipping chooses Lean Marine’s FuelOpt™ to enhance fleet efficiency

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Ardmore Shipping chooses Lean Marine’s FuelOpt to enhance fleet efficiency

The “Ardmore Sealion”

Successful performance of Lean Marine’s FuelOpt on the Ardmore Sealion prompts Ardmore Shipping to equip the balance of its fleet with propulsion optimization technology to improve overall fleet efficiency

GOTHENBURG, SWEDEN, MAY 18, 2021: Swedish propulsion optimization experts Lean Marine have signed a contract with tanker operator, Ardmore Shipping Corporation, to install its FuelOpt propulsion...

https://allaboutshipping.co.uk/2021/05/18/ardmore-shipping-chooses-lean-marines-fuelopt-to-enhance-fleet-efficiency/

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