1、ardmore shipping corporationannual report2015Ardmore Shipping CorporAtion 1contents2 Our cOmpany3 letter frOm the chairman5 letter frOm the ceO9 directOrs&seniOr management13 Our fleet14 fOrm 20-f2 AnnuAl report 2015our company Ardmore Shipping owns and operates a fleet of mid-size product and chemi
2、cal 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 strategy is to develop
3、 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 customers through voyage
4、 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 strategylOng-term Value creatiOnTransparent Corporate Structure
5、Balanced Fleet EmploymentDividends&Capital GrowthConservative Capital StructureHigh Quality FleetSignificant Earnings PowerfOcusMid-size Product&Chemical TankersService ExcellenceQuality OperationsFuel EfficiencycOst leadershipAssets Acquired at Cyclical LowsOperational Cost AdvantageLow Corporate O
6、verheadDiligent Investment Appraisal 3Ardmore Shipping CorporAtionOn behalf of my Board colleagues,I am pleased to report on the continued progress we see at Ardmore.2015 was a transformational year for the Company as we completed the fleet expansion program outlined at the time of the initial publi