Ardmore Shipping reports sharp fall in Q2 and 1H 2025 revenue and profit

Ardmore Shipping Corporation has reported a steep decline in earnings for the second quarter of 2025, with both revenue and profit falling significantly from the highs of the previous year.

The drop was primarily driven by significantly lower average time charter equivalent (TCE) rates, which were pegged at $22,468 per day for the three months ended June 30, dipping from the daily rate of $37,762 during the same period in 2024.