1、annual report 2014ardmore shipping corporationOur Company and Strategy 2Letter from the Chairman 3Letter from the CEO 5Senior Management and Directors 9Our Fleet 11Form 20F 12Corporate Information 128contentsArdmore Shipping CorporAtion1 Our COmpany Ardmore Shipping owns and operates a fleet of mid-
2、size product and chemical tankers ranging from 17,500 Dwt to 50,300 Dwt.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 modern,fuel-efficient fleet of tankers.Ardmores core
3、strategy is to develop a modern,high-quality fleet of product and chemical tankers,build key long-term commercial relationships,maintain our cost advantage in assets,operations and overhead,while creating significant synergies and economies of scale as the Company grows.We provide our services to cu
4、stomers through voyage charters,commercial pools and time charters enjoying close working relationships with key commercial and technical management partners.We view the continued development of these relationships as crucial to our long-term success.arDmOrE STraTEGy Long-Term Value CreationTranspar
5、ent Corporate StructureBalanced Fleet EmploymentDividends&Capital GrowthConservative Capital StructureHigh Quality FleetFocusMid-size Product&Chemical TankersService ExcellenceQuality OperationsFuel EfficiencyCost LeadershipAssets Acquired at Cyclical LowsOperational Cost AdvantageLow Corporate Over
6、headDiligent Investment Appraisal 2AnnuAl RepoRt 20142014 was our first full year as a public company,and I am pleased to highlight the significant progress we have made positioning the Company to create long-term shareholder value.In 2014,our focus was to build on the solid foundation we establishe