New York-listed Ardmore saw its bottom line reach $100,000 for the period, overturning a loss of $1.2m recorded 12 months ago.

Earnings per share of $0.02 trumped Wall Street expectations for a $0.01 per share loss, says Doug Mavrinac of Jefferies.

Anthony Gurnee, chief executive of Ardmore, said: “We are pleased with the company’s profitable second quarter results.

"The vessels delivered year-to-date have contributed meaningfully to earnings growth, and the company’s employment strategy has ensured stability in cashflow and earnings."

Gurnee