Ardmore Shipping is projecting a massive turnaround of its bottom line if the product tanker market stays hot.
The Irish product tanker owner reported a $933,000 adjusted loss for the first three months of the year, an improvement on the $8.48m loss in the same period of 2021.
But chief executive Anthony Gurnee said the second quarter could see the figure flip into the black by more than $20m.
