1、ARDMORE SHIPPING CORPORATIONANNUAL REPORT201910CELEBRATINGyears02|ContentsOur Company and Strategy 03Letter from the Chairman 05Letter from the CEO 07Directors&Senior Management 11Our Fleet 15Ardmores Role in the Oil Value Chain 17Environmental,Social&Governance(“ESG”)19Form 20-F 32ARDMORE SHIPPING
2、ANNUAL REPORT 2019|02ANNUAL REPORT 2019ARDMORE SHIPPING CORPORATIONArdmore 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 ch
3、emical companies,with our modern,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 t
4、hrough hands-on management,while 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 custom
5、er diversification,enjoying close 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.OURCOMPANY03|LONG-TERM V
6、ALUE CREATIONDisciplined Capital AllocationConservative Balance SheetHigh-Quality FleetTransparent Corporate StructureFOCUSMid-Size Product TankersFleet Performance and Service ExcellenceVoyage OptimizationFuel Efficiency and Emissions ReductionLOW COST STRUCTUREAssets Acquired at Cyclical LowsOpera