Company: ASC
Filing Date: 2025-03-07
Form Type: 20-F
Source: 0001558370-25-002500
Chunk: 58

Company: Ardmore Shipping Corp
Filing Date: 2025-03-07
Form: 20-F
Item: Item 4
Chunk 58
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890       7,200       7,000       6,800       5,900       5,800  
   7,069       6,850       6,880       6,880       7,000       6,800       6,400       6,700  
     557         500         500         570         600         600         400         400  
  10,864      10,400      10,790      11,830      12,000      13,000      13,400      14,400  
   8,541      10,000      10,380      10,440      10,600      10,300       9,200       9,600  
   4,545       4,550       4,200       3,830       3,500       3,200       3,000       3,200  
   6,501       6,450       6,810       7,520       8,000       7,700       6,900       7,600  
   2,255       2,250       2,090       1,920       2,100       2,000       1,900       1,900  
  77,150      78,450      79,420      81,780      82,300      81,700      74,300      78,400  

(1) The difference between oil consumption and refinery throughput is accounted for by condensates, output gains, direct burning of crude oil and other non-gas liquids.

*Provisional estimates

Source: IEA

In the last few years, Asia and the Middle East have steadily increased their export-oriented refinery capacity. As a result of these developments, countries such as India and Saudi Arabia have consolidated their positions as major exporters of products. Export-oriented refineries in India and the Middle East, coupled with the closure of refining capacity in the developed world, have promoted greater long-haul shipments to cater to product demand.

Nearly 0.06 mbpd of new refining capacity in Africa, 0.06 mbpd in China and 0.13 mbpd in the Middle East are scheduled to come online in 2025 with nearly 0.36