Ardmore Shipping Corporation ASC

Company Overview

Ardmore Shipping Corporation is an international product and chemical tanker company focused on the ownership and operation of mid-size vessels engaged in the seaborne transportation of petroleum products and chemicals. The company operates within the global energy and chemical logistics industries, serving oil majors, national oil companies, chemical producers, and commodity traders. Its primary revenue is generated through the chartering of its fleet on spot market voyages, time charters, and participation in commercial shipping pools.

The company is positioned as a pure-play, publicly listed tanker operator with an emphasis on operational efficiency, balance sheet discipline, and fleet optimization. Ardmore Shipping Corporation was founded in 2010 by Anthony Gurnee with the objective of building a modern tanker fleet following the global financial crisis. It completed its initial public offering in 2013 and has since evolved through fleet expansion, vessel divestments, and increased exposure to spot market earnings, particularly during favorable tanker cycles.