Ardmore MR freight earnings triple as energy crisis deepens product tanker dislocations

Physical supply-demand dislocations in the oil products and clean tanker markets, coupled with global low product inventories amid an energy crisis driven by the Russia-Ukraine conflict tripled Ardmore Shipping’s time-charter equivalent earnings for Medium Range tankers so far in 2022. We believe the strong product tanker market is being driven primarily by two factors,” Ardmore …

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