Ardmore Shipping remained in the red for the first three months of 2021, but sees improved rates as an indication of recovery for the ailing tanker market.
For the first three months of the year, the Irish product tanker owner reported its third consecutive quarterly loss of $8.5m, up from a $6.5m profit for the same period in 2020.
During the quarter, the MR tanker specialist saw its average time charter equivalent rate jump to $11,349 per day versus $9,600 per day in
