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Ardmore Shipping Corp  (ASC)
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Ardmore Shipping's

Competitiveness


 

ASC Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Ardmore Shipping reported Revenue decrease in the 4 quarter 2023 year on year by -11.16 %, despite the revenue increase by the most of its competitors of 10.89 %, recorded in the same quarter.

List of ASC Competitors

With a net margin of 29.5 % Ardmore Shipping achieved higher profitability than its competitors.

More on ASC Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Ardmore Shipping CorpNet Income in the 4 quarter 2023 fell year on year by -15.63%, slower than its competitors' income growth of 18.02 %

<<  ASC Stock Performance Comparisons


Ardmore Shipping's Comment on Competitors and Industry Peers


We operate in markets that are highly competitive and based primarily on supply and demand. We compete for charters on the basis of price, vessel location, size, age and condition of the vessel, as well as our reputation. Ownership of tanker vessels is highly fragmented and is divided among publicly listed companies, state-controlled owners and private ship-owners.



  

Overall company Market Share Q4 2023

Overall company, revenue fell by -11.16 % and company lost market share, to approximately 6.28 %.




<<  More on ASC Market Share.
 
*Market share is calculated based on total revenue.





Who are Ardmore Shipping Corp's Competitors?




Capital Product Partners L p
Share Performance



+21.46%
This Year



Capital Product Partners L p
Profile

Capital Product Partners L.P.'s business model revolves around operating and managing a fleet of tankers and other vessels for the transportation of liquid commodities, primarily petroleum products.

More about Capital Product Partners L p 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ - mill. $ 299.071 mill. $ 127.578 mill.


Dynagas Lng Partners Lp
Share Performance



-7.19%
30 Days



Dynagas Lng Partners Lp
Profile

Dynagas LNG Partners LP operates as a midstream energy company that focuses on owning, operating, and acquiring liquid natural gas (LNG) carriers. They provide LNG transportation services to various customers worldwide, primarily through long-term contracts.

More about Dynagas Lng Partners Lp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 99.928 mill. $ 131.657 mill. $ 42.447 mill.


Frontline Plc
Share Performance



+12.37%
This Quarter



Frontline Plc
Profile

Frontline Plc operates as a business support services company, offering a range of outsourcing solutions across various industries. Their business model involves providing clients with back-office services, such as customer support, administrative tasks, and technology solutions, to help optimize operational efficiency and enhance business performance.

More about Frontline Plc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ - mill. $ - mill. $ 475.537 mill.


Stealthgas Inc
Share Performance



-4.05%
Over The Past 5 Days



Stealthgas Inc
Profile

Stealthgas Inc operates as a provider of international seaborne transportation services for liquefied petroleum gas (LPG).

More about Stealthgas Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 225.113 mill. $ 152.761 mill. $ 34.253 mill.


Golar Lng Limited
Share Performance



+12.48%
One Year



Golar Lng Limited
Profile

Golar LNG Limited operates as a liquefied natural gas (LNG) shipping company engaged in the transportation, regasification, and liquefaction of natural gas. Their business model involves owning and operating LNG carriers, providing floating storage and regasification units (FSRUs), and developing and operating LNG terminal infrastructure.

More about Golar Lng Limited's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,304.530 mill. $ 279.965 mill. $ 939.057 mill.


Golden Ocean Group Limited
Share Performance



+30.76%
This Year



Golden Ocean Group Limited
Profile

Golden Ocean Group Limited operates as a dry bulk shipping company, utilizing a global fleet of vessels to transport commodities such as coal, iron ore, and grains. Their business model revolves around chartering these vessels to clients for transporting cargo, generating revenue through freight rates and maximizing profitability through efficient operations and strategic fleet management.

More about Golden Ocean Group Limited's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,514.001 mill. $ 885.767 mill. $ 112.268 mill.


Dorian Lpg Ltd
Share Performance



-0.83%
Over The Past 5 Days



Dorian Lpg Ltd
Profile

Dorian LPG Ltd is primarily engaged in the transportation and logistics of liquefied petroleum gas (LPG) worldwide. Their business model focuses on owning and operating a fleet of modern LPG carriers, providing global transportation solutions to customers in the energy sector. Through efficient maritime operations, Dorian LPG aims to create value and deliver safe, reliable, and cost-effective LPG transportation services to meet the growing demand for this commodity.

More about Dorian Lpg Ltd 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,499.183 mill. $ 552.961 mill. $ 304.228 mill.


Nordic American Tankers Ltd
Share Performance



-3.50%
One Year



Nordic American Tankers Ltd
Profile

Nordic American Tankers Ltd's business model revolves around the ownership and operation of a fleet of crude oil tankers.

More about Nordic American Tankers Ltd's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 779.847 mill. $ 339.340 mill. $ 15.101 mill.


Navigator Holdings Ltd
Share Performance



+0.13%
This Year



Navigator Holdings Ltd
Profile

Navigator Holdings Ltd is a shipping company that primarily specializes in the transportation of liquefied gas. Their business model revolves around owning and operating a fleet of vessels to facilitate the transportation of these products globally. They generate revenue by chartering out their vessels to customers in the energy industry on long-term contracts.

More about Navigator Holdings Ltd 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,137.764 mill. $ 550.737 mill. $ 86.872 mill.


Seapeak Llc
Share Performance



0.00%
30 Days



Seapeak Llc
Profile



More about Seapeak Llc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ - mill. $ 726.791 mill. $ 317.716 mill.


Sfl Corporation Ltd
Share Performance



+39.45%
One Year



Sfl Corporation Ltd
Profile

SFL Corporation Ltd operates as a ship owning and chartering company, primarily focused on the maritime transportation industry. Their business model revolves around acquiring and managing a diverse fleet of vessels, which are then chartered out to a varied customer base including major shipping companies. By leveraging their expertise in asset management and global shipping markets, SFL aims to generate sustainable cash flows and long-term value for their shareholders.

More about Sfl Corporation Ltd 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,655.719 mill. $ 752.286 mill. $ 83.937 mill.


Singularity Future Technology Ltd
Share Performance



-27.58%
One Year



Singularity Future Technology Ltd
Profile

Singularity Future Technology Ltd's business model is centered around the development and implementation of advanced technologies to drive future innovation and growth.

More about Singularity Future Technology Ltd 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 8.372 mill. $ 3.684 mill. $ -20.119 mill.


Teekay Corporation
Share Performance



-2.44%
Over The Past 5 Days



Teekay Corporation
Profile

Teekay Corporation's business model focuses on providing marine energy transportation and storage services globally.

More about Teekay Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 696.810 mill. $ 1,464.975 mill. $ 517.423 mill.


Teekay Tankers Ltd
Share Performance



+13.68%
This Year



Teekay Tankers Ltd
Profile

Teekay Tankers Ltd operates as a provider of marine transportation services to global oil and gas companies. They generate revenue by chartering out their tankers to clients for the transportation of crude oil and refined petroleum products.

More about Teekay Tankers Ltd 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,019.126 mill. $ 1,364.452 mill. $ 513.671 mill.


Tsakos Energy Navigation Limited
Share Performance



+3.89%
Over The Past 5 Days



Tsakos Energy Navigation Limited
Profile

Tsakos Energy Navigation Limited is a global provider of maritime energy transportation services, specializing in the transportation of crude oil and petroleum products. The company operates a fleet of tankers under long-term charters with major oil companies, providing a reliable and efficient means of transporting energy resources worldwide.

More about Tsakos Energy Navigation Limited's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 721.896 mill. $ 860.400 mill. $ 208.466 mill.


Top Ships Inc
Share Performance



-16.07%
This Quarter



Top Ships Inc
Profile

Top Ships Inc is a shipping company primarily engaged in the provision of seaborne transportation services for crude oil and petroleum products. They operate a fleet of tankers and generate revenue by chartering their vessels to customers on either a time charter or spot charter basis.

More about Top Ships Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3.456 mill. $ 80.656 mill. $ 18.948 mill.



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