Company: ASC
Filing Date: 2025-03-07
Form Type: 20-F
Source: 0001558370-25-002500
Chunk: 68

Company: Ardmore Shipping Corp
Filing Date: 2025-03-07
Form: 20-F
Item: Item 4
Chunk 68
---
  2023                    30,217                         26,833      17,458                              46.0            41.4  
  2024                    29,750                         27,608      23,908                              51.0            46.5  
  Dec-24                  28,900                         26,200      21,500                              47.5            43.5  
  2020-2024                                                                                                                    
  5 Year Avg              24,111                         20,416      17,198                              42.3            35.6  
  5 Year Low               1,088                         11,800      13,750                              34.0            26.0  
  5 Year High             58,200                         30,200      26,000                              52.0            49.5  
  2015-2024                                                                                                                    
  10 Year Avg             18,174                         17,550      16,214                              38.5            30.7  
  10 Year Low              1,088                         11,800      13,750                              32.0            22.0  
  10 Year High            58,200                         30,500      26,000                              52.0            49.5  

Source: Drewry, Note - Spot TCE and Time charter rates are for non-eco vessels, Spot rates are for Atlantic market only and will differ from reported earnings

The Chemical Tanker Industry

Introduction

The global chemical industry is one of the largest and most diversified industries in the world, with more than 1,000 large and medium-sized companies manufacturing over 70,000 different product lines. Although most specialist chemicals are used locally, world trade is becoming an increasingly prominent part of the global chemical industry for a number of reasons. This ranges from local stock imbalances to a lack of local production of particular chemicals in various parts of the world. In broad terms, the growth of seaborne trade in bulk liquid chemicals has tracked trends in economic activity and globalization.

The seaborne transportation of chemicals is technically and logistically complex compared with the transportation of crude oil and oil products, with cargoes ranging from hazardous and noxious chemicals to products such as edible oils and fats. Consequently, the chemical tanker sector comprises a wide array of specially constructed small and medium sized