Speculation that Ardmore Shipping is looking to move into the pooling business at a time of active consolidation in the products tanker market is off the mark, its chief executive says.
Talk in the market during the past week has suggested the company is in the process of establishing a pooling business, initially in its core medium-range (MR) sector.
Some had also floated Teekay, with which Ardmore has a strong historic connection, as a potential partner in the project.
