Ardmore Shipping

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/

Tanker rate boost from pipeline cyberattack could be fleeting

product tanker

Bad news — accidents, war, extreme weather — is generally good news for commodity shipping. Case in point: Product tanker stocks, rates and futures jumped Monday in the wake of the cyberattack that shut down the Colonial Pipeline.

The pipeline, which has the capacity to carry 2.5 million barrels per day of refined products from the U.S. Gulf to the East Coast, was shut by a ransomware attack on Friday.

The best-case scenario for product tankers is an extended outage. A lengthy shutdown would...

https://s29755.pcdn.co/news/tanker-rate-boost-from-pipeline-cyberattack-could-be-fleeting

Major shipping organisations pledge their support, including Ardmore Shipping, Cargill, Pacific Basin and V.Group

Major shipping organisations pledge their support, including  Ardmore Shipping, Cargill, Pacific Basin and V.Group 

Catherine Spencer, Chief Executive of The Seafarers’ Charity,

LONDON – Wednesday, May 5, 2021: Leading seafarer welfare charities and shipping industry players have launched an emergency relief fund in order to support seafarers and their families devastated by the rampant COVID-19 pandemic in India and other countries.

Seafarers have been the invisible victims of COVID-19, with...

https://allaboutshipping.co.uk/2021/05/05/major-shipping-organisations-pledge-their-support-including-ardmore-shipping-cargill-pacific-basin-and-v-group/

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