Company: ASC
Filing Date: 2025-03-07
Form Type: 20-F
Source: 0001558370-25-002500
Chunk: 56

Company: Ardmore Shipping Corp
Filing Date: 2025-03-07
Form: 20-F
Item: Item 4
Chunk 56
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%               999         3.8%               267             3,327         3.4%  
   2017             2,121         2.9%             1,043         4.3%               287             3,450         3.8%  
   2018             2,116        -0.2%             1,055         1.1%               298             3,468         3.6%  
   2019             2,080        -1.7%             1,036        -1.8%               308             3,424         2.8%  
   2020             1,885        -9.4%               931       -10.1%               304             3,120        -3.1%  
   2021             1,858        -1.4%               999         7.3%               313             3,171         5.9%  
   2022             1,955         5.2%             1,015         1.6%               301             3,271         3.4%  
   2023             2,014         3.0%             1,046         3.1%               304             3,365         3.0%  
  2024*             2,001        -0.7%             1,048         0.2%               300             3,349         3.2%  
  2025F             2,008        -0.3%             1,063         1.4%               302             3,373         3.2%  

* Provisional estimates

Note: Provisional number. Historical trade numbers have been revised based on changes in the number of reported countries, change in trade estimates for some of the reported countries, etc.

Source: Drewry, IMF

Table of Contents

Seaborne Product Trade and Tonne-Mile Demand

* Provisional estimates

Source: Drewry

Global Refining Trends

Two significant developments in world refining patterns over the past five years have been the shift towards crude-oil-producing regions developing their own refinery capacity, along with capacity expansions in China and India. Concurrently, poor refinery