Ardmore S. Corp.: refinancing of two 47,000 dwt Eco-Mod product tankers

August 7, 2017 - Ardmore’s financial announced a net loss of USD 1.9 million during the three months ended June 30, 2017, as compared to a net income of USD 55 million in the same period a year earlier. The company reported EBITDA of USD 12.9 million in 2Q 2017, against USD 17.3 million seen in the same quarter last year. During the quarter, Ardmore delivered a satisfactory chartering performance with spot and pool MR tankers earnings an average of USD 13,765 per day and Eco-Design chemical tankers an average of USD 10,736 per day. Currently, Ardmore has 27 vessels in operation, comprising 21 Eco MR tankers ranging from 45,000 to 49,999 dwt and six Eco-Design IMO 2 product/chemical tankers ranging from 25,000 to 37,800 dwt.