1、1542020 ANNUAL REPORTEmissionsNH3Ardmore ShippingArdmore Shipping Annual Report 20203ContentsOur Company&Ardmore StrategyLetter from the ChairmanLetter from the CEODirectors&Senior ManagementOur FleetSustainability&Ardmores Energy Transition PlanESG HighlightsForm 20-F4681216182023154Ardmore Shippin
2、g Annual Report 2020Ardmore ShippingArdmore Shipping Annual Report 202045Our CompanyWe provide seaborne 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 f
3、leet 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,while creating signifi
4、cant 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 close working relatio
5、nships 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.In February 2021,we announced our Energy Transition Plan(“ETP”)focused on
6、 three key areas:(1)Transition Projects,(2)Transition Technologies,and(3)Sustainable Cargos(non-fossil fuel).The ETP is an extension of our existing strategy,building on our core strengths of tanker chartering,shipping operations,technical and operational fuel efficiency improvements,technical manag