1、 ARDMORE SHIPPING CORPORATIONANNUAL REPORT2018ContentsOur Company and Strategy 03Letter from the Chairman 05Letter from the CEO 07 Our Philosophy 11Directors&Senior Management 13Our Fleet 17Ardmores Role in the Oil Value Chain 19Corporate&Social Responsibility 21Form 20-F 23ANNUAL REPORT 2018ARDMORE
2、 SHIPPING CORPORATION01|02Our Company Ardmore Shipping owns and operates a fleet of mid-size product and chemical tankers.We provide seaborne transportation of petroleum products and chemicals worldwide to oil majors,national oil companies,oil and chemical traders,and chemical companies,with our mod
3、ern,fuel-efficient fleet of tankers.Ardmores core strategy is to develop a modern,high-quality fleet of product and chemical 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,wh
4、ile creating significant synergies and economies of scale as the Company grows.We provide our services to customers through our in-house chartering and commercial team.We maintain a broad range of vessel employment strategies to maximize commercial flexibility and customer diversification,enjoying c
5、lose working relationships with key commercial and technical management partners.Maintaining outstanding customer service is a cornerstone of our business and we seek customers who value our active approach to fuel efficiency and service delivery.LONG-TERM VALUE CREATIONDisciplined Capital Allocatio
6、nConservative Balance SheetHigh-Quality FleetTransparent Corporate StructureFOCUSMid-Size Product TankersFleet Performance and Service ExcellenceVoyage OptimizationFuel Efficiency and Emissions ReductionLOW COST STRUCTUREAssets Acquired at Cyclical LowsOperational Cost AdvantageLow Corporate Overhea