Ardmore Shipping reported average MR tanker TCE earnings of $57,600 per day in the fourth quarter to date, versus $27,000 per day in the third quarter, while recent fixtures exceeded $80,000 per day.
Ardmore Shipping reported a sharp strengthening in the product-tanker market at the start of the fourth quarter. Its MR fleet averaged $57,600 per day in TCE earnings for the quarter to date, with 45% of available days covered, compared with $27,000 per day for the full third quarter. Recent fixtures were concluded above $80,000 per day.
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