Company: ASC
Filing Date: 2025-03-07
Form Type: 20-F
Source: 0001558370-25-002500
Chunk: 2

Company: Ardmore Shipping Corp
Filing Date: 2025-03-07
Form: 20-F
Item: Item 3
Chunk 2
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  Weak spot charter markets may adversely affect our results of operations.  
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  Declines in oil prices may adversely affect our growth prospects and results of operations.  
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  Volatility in the markets in which our vessels trade may result in us having limited liquidity.  
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  Declines in charter rates and other market deterioration could cause us to incur impairment charges.  

  Any interest rate increases would increase our debt service costs on variable-rate debt.  
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  Any vessel market value decreases could result in breaches of credit facility covenants or impairment charges, and we may incur a loss if we sell vessels following a decline in their market value.  
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  An over-supply of tanker capacity may lead to reductions in charter rates, vessel values and profitability.  
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  Changes in fuel, or bunkers, prices may adversely affect our results of operations.  
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  Changes in the oil, oil products and chemical markets could result in decreased demand for our services.  
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  Our vessels may suffer damage due to the inherent operational risks of the shipping industry, and we may experience unexpected drydocking costs and delays or total loss of our vessels.  
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  We operate our vessels worldwide and, as a result, our vessels are exposed to international risks.  

  Acts of piracy on ocean-going vessels could adversely affect our business.  

  If our vessels call on ports subject to U. S. restrictions, the market for our securities could be adversely affected.  

  The smuggling of drugs or other contraband onto our vessels may lead to governmental claims against us.  
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