Ardmore Shipping Corp
ardmoreshipping.comWhat Do They Do?
Transports petroleum products and chemicals by sea for oil majors, national oil companies, oil and chemical traders, and chemical companies.
20-F for FY2025, filed Mar 6, 2026Ardmore Shipping provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil…View ↗
How Do They Make Money?
Customers pay for a ship to carry a specific cargo on a voyage; freight is based on cargo weight or sometimes a lump sum, generally paid within three to seven business days after completion of loading. For a time charter, the customer pays a daily rate for use of a vessel over an agreed period.
20-F for FY2025, filed Mar 6, 2026
$310.2M
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20-F for FY2025, filed Mar 6, 2026
$310.2M ↗
Who Are Their Customers?
National, regional, and international companies charter vessels; all but five are employed directly on the tanker spot market through the in-house team.
20-F for FY2025, filed Mar 6, 2026Our customers include national, regional, and international companies and all of our vessels but five are employed directly on the tanker…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 13 cents of every revenue dollar as net income in FY2025.
20-F for FY2025, filed Mar 6, 2026
20-F for FY2025, filed Mar 6, 2026
$41MView ↗
How Are They Changing?
Growing. Revenue grew 61% in 4 years, from $192.5M in FY2021 to $310.2M in FY2025, about 13% a year.
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