No US-listed shipowner rewarded investors at the same level as Irish product tanker company Ardmore Shipping in 2022 as the stock quadrupled in value at one point before giving back some gains in December.
Ardmore often seems to operate in the shadow of giant New York-listed competitor Scorpio Tankers, which also had a great year. Ardmore has less than one-fifth Scorpio’s $3bn market capitalisation and while it trades more than $10m worth of shares per day, it is well short of its peer’s $63m.;
