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Ardmore Shipping Corp - ASC STOCK NEWS

Welcome to our dedicated news page for Ardmore Shipping (Ticker: ASC), a resource for investors and traders seeking the latest updates and insights on Ardmore Shipping.

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'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's position in the market.

Rhea-AI Summary
Ardmore Shipping (ASC) has filed its Annual Report on Form 20-F for the year 2023 with the SEC, available on their website. The report complies with NYSE rules.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.75%
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none
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Rhea-AI Summary
Ardmore Shipping Corporation (ASC) reported net income of $26.1 million for Q4 2023, a decrease from $53.1 million in Q4 2022. For the full year 2023, net income was $113.4 million compared to $135.1 million in 2022. The company declared a cash dividend of $0.21 per share for Q4 2023. Fleet modernization plans include acquiring a new tanker and selling an existing one. Scrubber installations were completed on two vessels in Q4 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.06%
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earnings
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Rhea-AI Summary
Ardmore Shipping Corporation (NYSE: ASC) will host its 2024 Investor Day on February 15, 2024, providing a comprehensive update on the product and chemical tanker markets. The event will include the presentation of 4Q 2023 financial results and an overview of the Company's strategy and capital allocation framework for maximizing shareholder value. Institutional investors and analysts can attend the event by contacting The IGB Group. A live webcast of the presentation and slides will be available to the public on Ardmore's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.12%
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none
Rhea-AI Summary
Ardmore Shipping Corporation (NYSE: ASC) reported a decrease in net income for the three months ended September 30, 2023, compared to the same period in 2022. The company also announced a cash dividend of $0.16 per common share for the quarter ended September 30, 2023. MR tankers earned an average spot TCE rate of $28,493 per day, while chemical tankers earned an average TCE rate of $20,023 per day for the three months ended September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.11%
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earnings
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Rhea-AI Summary
Ardmore Shipping Corporation plans to announce its third quarter earnings on November 7, 2023, before the market opens. A conference call and webcast will be held later that day at 10:00 a.m. Eastern Time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.59%
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earnings
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Rhea-AI Summary
Ardmore Shipping Corporation announces Q2 2023 financial results, reporting net income of $23.7 million compared to $28.8 million in Q2 2022. The company also declared a cash dividend of $0.19 per common share. MR Eco-Design tankers earned an average spot TCE rate of $27,460 per day, while chemical tankers earned $24,555 per day. The company amended its term loan agreement and published its 2022 Sustainability Report.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.34%
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earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.47%
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earnings
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.35%
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earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.12%
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Ardmore Shipping Corp

NYSE:ASC

ASC Rankings

ASC Stock Data

679.09M
32.90M
15.2%
63%
3.32%
Deep Sea Freight Transportation
Transportation and Warehousing
Link
Bermuda
69 Pitts Bay Road

About ASC

ardmore shipping corporation is engaged in the ownership and operation of product and chemical tankers in worldwide trade. commencing operations in 2010, ardmore found an opportune time to create a new shipping company with ambitious long-term growth plans, developing into a first-class organisation dedicated to the very best operating practices, customer service and operational efficiency. at ardmore we understand the challenges of international shipping operations and what it takes to excel; no matter the size of the company, ardmore believes that its seafarers are as crucial to its success as the team ashore that supports them. through its technical and commercial management partners and its own in-house expertise, ardmore has the global network in place to support its seafarers and deliver shipping services safely, decisively and effectively to its customers.