Ardmore Shipping (ASC) has released an update.
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Ardmore Shipping Corporation has reported a significant increase in net income for both the second quarter and the first half of 2024, with strong market conditions bolstered by geopolitical factors. The company announced a dividend of $0.38 per share for Q2 and is undergoing a leadership transition, with CEO Anthony Gurnee retiring and Gernot Ruppelt appointed as the new CEO. Additionally, Ardmore exercised purchase options for two vessels and sold its stake in e1 Marine with a modest gain.
For further insights into ASC stock, check out TipRanks’ Stock Analysis page.