1、2022 ANNUAL REPORTLetter from The ChairLetter from The CEODirectors&Senior ManagementOur FleetArdmores PerformanceForm 20-FESG highlightsPlease see the Section entitled“Forward-Looking Statements”in our Form 20-F for the year ended December 31,2022 for a description of forward-looking statements inc
2、luded in this report and for factors that may cause actual results to differ materially from those indicated in such forward-looking statements.06081418202224Contents|Annual Report 2022Ardmore ShippingCONTENTSOur Company&Ardmore Strategy0432Contents|Annual Report 2022ARDMORE STRATEGYLong-Term Value
3、CreationEnergy Transition Plan(“ETP”)Framework FocusEffective Cost&Investment ManagementDisciplined capital allocationConservative balance sheetHigh-quality fleetTransparent corporate structureMid-size product and chemical tankersDriving performance while simultaneously pursuing progressVoyage optim
4、izationFuel efficiency and emissions reductionLow breakeven levelsDisciplined investmentWell-timed asset acquisitionsTransition projects:working closely with customersTransition technologies:efficiency and future fuelsSustainable(non-fossil fuel)cargos:long-term growthOUR COMPANYWe provide seaborne
5、transportation of chemicals,sustainable fuels,and petroleum products worldwide to oil majors,national oil companies,oil and chemical traders,and chemical companies,with our modern,fuel efficient fleet of tankers.Ardmores core strategy is to develop a modern,high-quality fleet of product and chemical
6、 tankers through well-timed growth,build key long-term commercial relationships,and maintain our cost advantage in assets,operations,and overhead through hands-on management,while creating significant synergies and economies of scale as the Company grows.We provide our services to customers through