Ardmore Shipping reports rise in Q4 2025 earnings

Ardmore Shipping noted that the primary reason for the 2024 earnings variance was a $12.3 million gain from the sale of the Ardmore Seafarer in April 2024. The company currently operates a fleet of 26 vessels, including 20 MR tankers and six chemical tankers.

Medium range (MR) tankers earned an average spot rate of $25,257 per day during the fourth quarter. Chemical tankers earned an average of $19,948 per day during the same period, according to the company.

Chief Executive Officer Gernot Ruppelt said, "Ardmore delivered a strong finish to 2025 and is carrying that momentum into the start of 2026, with earnings benefiting from increased revenue days." He attributed the growth to the expansion of the owned fleet and the completion of scheduled maintenance.