Welcome to our dedicated page for ARDMORE SHIPPING CORPORATION news (Ticker: $ASC), a resource for investors and traders seeking the latest updates and insights on ARDMORE SHIPPING CORPORATION stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ARDMORE SHIPPING CORPORATION's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ARDMORE SHIPPING CORPORATION's position in the market.
Ardmore Shipping reported net income and Adjusted earnings of $38.4 million for the three months ended March 31, 2024, with $0.93 earnings per basic share and $0.92 earnings per diluted share, slightly lower than the same period in 2023. The Company declared a cash dividend of $0.31 per common share for the quarter, paid on June 14, 2024. MR Eco-Design tankers earned an average spot TCE rate of $38,430 per day, while chemical tankers earned $24,831 per day. Recent activities include vessel purchases, charter extensions, and fleet modernization. The ongoing Russia-Ukraine war and other geopolitical conflicts have impacted spot tanker rates. The Company remains optimistic about market conditions and revenue growth for the remainder of the year.
