Welcome to our dedicated page for Ardmore Shipping news (Ticker: ASC), a resource for investors and traders seeking the latest updates and insights on Ardmore Shipping stock.
Ardmore Shipping Corporation (NYSE: ASC) generates a steady flow of news and disclosures tied to its role in the deep sea transportation of refined petroleum products and chemicals. As an owner and operator of a modern fleet of MR product and chemical tankers, Ardmore regularly reports on quarterly and annual financial results, fleet developments, chartering activity, and capital allocation decisions.
Investors following ASC news can expect earnings announcements filed via press releases and Form 6‑K reports, detailing time charter equivalent (TCE) performance, voyage expenses, vessel operating costs, and other key operating metrics. The company also announces dividends under its variable dividend policy, share repurchases, and preferred stock redemptions, providing insight into its approach to capital allocation.
Fleet‑related updates are another recurring theme in Ardmore’s news flow. The company has disclosed acquisitions of modern, high‑quality, Korean‑built MR tankers, the composition of its owned and chartered‑in fleet, and drydocking activity, including the installation of energy‑saving devices, ballast water treatment systems, scrubber systems, and tank coating upgrades. These items help readers understand how Ardmore maintains a modern, fuel‑efficient fleet and manages its exposure to product and chemical tanker markets.
Ardmore also issues announcements about conference calls, webcasts, and Investor Day events, where management discusses strategy, product and chemical tanker market fundamentals, and the impact of geopolitical volatility on trade routes and vessel demand. Updates on the company’s Energy Transition Plan (ETP), revolving credit facilities, and chartering strategy between spot and time‑charter exposure further enrich the news stream.
For anyone tracking ASC, this news page offers a centralized view of Ardmore’s operational, financial, and strategic updates over time.
Ardmore Shipping Corporation (NYSE: ASC) announced the sale of three 2008-built MR product tankers to Leonhardt & Blumberg for $40 million. The transaction is expected to generate approximately $15 million in net cash for Ardmore, earmarked for general corporate purposes. Following the sales, Ardmore will time charter the vessels for a minimum of two years. The completion of the sales hinges on specific conditions, with expected transactions in Q2 2022. The CEO praised the collaboration with Leonhardt & Blumberg as beneficial for capital allocation and operational scale.
Ardmore Shipping Corporation (NYSE: ASC) has filed its Annual Report on Form 20-F for the year ended December 31, 2021, with the SEC. The report is available in the Investor Relations section of Ardmore's website. Shareholders can request a hard copy of the audited financial statements at no charge. Ardmore operates a modern fleet of MR product and chemical tankers, focusing on cost efficiency and long-term relationships. Its Energy Transition Plan emphasizes sustainable shipping initiatives, with projects initiated to support non-fossil fuel cargoes.
Ardmore Shipping Corporation (NYSE: ASC) announced participation in the Capital Link Company Presentation Series on March 10, 2022, at 10:00 a.m. Eastern Time. CEO Anthony Gurnee and CFO Paul Tivnan will discuss the company’s strategy, the state of product and chemical tanker markets, and the Energy Transition Plan. Registration for the webinar is available online. Participants can submit questions during the session or via email. Ardmore focuses on a modern fleet and building key relationships while promoting sustainable initiatives.
Ardmore Shipping Corporation (NYSE: ASC) reported a net loss of $8.6 million for Q4 2021, down from a $19.5 million loss in Q4 2020. For the full year, the net loss totaled $38.1 million compared to a $6.0 million loss in 2020. Adjusted EBITDA was $5.5 million for Q4 2021, significantly improved from $0.9 million in Q4 2020, but full-year Adjusted EBITDA fell to $16.6 million from $57.0 million. Average TCE rates for MR tankers were $11,424 per day in Q4 2021. The company remains optimistic about recovery in 2022 despite pandemic uncertainties.
Ardmore Shipping Corporation (NYSE: ASC) will announce its fourth quarter and full year 2021 earnings on February 15, 2022, before market opening. Following this, a conference call will be held at 10:00 a.m. Eastern Time to discuss the earnings report, available via dial-in or a live webcast. Participants are encouraged to join 10 minutes early. An audio replay of the conference call will be accessible until February 22, 2022. Ardmore focuses on the transportation of petroleum products and chemicals with a modern fleet of mid-size tankers.
Ardmore Shipping Corporation (NYSE: ASC) reported a net loss of $12.8 million for Q3 2021, with a loss per share of $0.37, up from a $6.6 million loss in Q3 2020. EBITDA fell to $1.3 million from $7.2 million year-over-year. For the nine months ended September 30, 2021, the net loss was $29.5 million, or $0.88 loss per share, compared to a profit of $13.5 million in the same period last year. Despite challenging market conditions, Ardmore emphasizes a potential turnaround in the product and chemical tanker markets, with improved TCE rates and a strong balance sheet.
Ardmore Shipping Corporation (NYSE: ASC) will announce its third quarter earnings on November 10, 2021, before market open. A conference call will follow at 10:00 a.m. Eastern Time, accessible via dial-in and live webcast from its website. The audio replay will be available until November 17. Ardmore operates a fleet of mid-size product and chemical tankers, focusing on cost efficiency and sustainable cargo as part of its Energy Transition Plan. The company aims to strengthen its commercial relationships and enhance operational efficiencies.
Ardmore Shipping Corporation (NYSE: ASC) has completed its annual securities filings review, filing a shelf registration statement with the SEC to register $400 million of primary securities. The company plans to replace its existing shelf statement and ATM program, which expire on October 5, 2021, with a new ATM program allowing for common shares sales of up to $50 million. Ardmore focuses on modernizing its fleet of MR product and chemical tankers and advancing its Energy Transition Plan, established to explore sustainable cargo options.
Ardmore Shipping Corporation (NYSE: ASC) reported a net loss of $8.1 million for Q2 2021, a significant decline from a net income of $13.6 million in Q2 2020. The loss amounted to $0.24 per share, and adjusted losses reached $7.6 million. EBITDA dropped to $5.4 million, down from $27.9 million year-over-year. Revenue fell 30.3% to $47.3 million. Despite these challenges, Ardmore completed strategic investments, including a joint venture in methanol-to-hydrogen technology, aiming at energy transition and financial flexibility.
Ardmore Shipping Corporation (NYSE: ASC) will report its second quarter earnings on July 27, 2021, before the market opens, followed by a conference call at 10:00 a.m. Eastern Time. Participants can access the call via dial-in or through a live webcast on the company's website. An audio replay will be available until August 3. Ardmore operates a fleet of mid-size product and chemical tankers and focuses on developing its modern fleet, building commercial relationships, and improving operational efficiency. The company has also initiated an Energy Transition Plan to invest in sustainable technologies.
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