Ardmore Shipping Corp 2021 AR2
The report highlights Ardmore Shipping Corporation's performance and strategic progress during 2021, a year characterized by recovery from the COVID-19 pandemic. The company launched its Energy Transition Plan (ETP), focusing on transition projects, technologies, and sustainable non-fossil fuel cargos, which already comprise 25% of its business. Key financial activities included raising $40 million in preferred equity and completing strategic investments in Element 1 Corp and the e1 Marine joint venture. Operationally, the company maintained a modern fleet of 25 tankers and achieved significant vessel optimization, including a 3.2% reduction in AER. Despite a challenging market, the company emphasized its commitment to decarbonization and high corporate governance standards.
Company: Ardmore Shipping Corp
Sector: Transport & logistics
Country: Bermuda
Year: 2021
Type: AR2
Pages: 180
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Ardmore Shipping Corp
Annual Report
The report highlights Ardmore Shipping Corporation's performance and strategic progress during 2021, a year characterized by recovery from the COVID-19 pandemic. The company launched its Energy Transition Plan (ETP), focusing on transition projects, technologies, and sustainable non-fossil fuel cargos, which already comprise 25% of its business. Key financial activities included raising $40 million in preferred equity and completing strategic investments in Element 1 Corp and the e1 Marine joint venture. Operationally, the company maintained a modern fleet of 25 tankers and achieved significant vessel optimization, including a 3.2% reduction in AER. Despite a challenging market, the company emphasized its commitment to decarbonization and high corporate governance standards.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Published
Mar 11, 2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees