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Displaying items by tag: Ardmore Corporation

#Appointments – Ardmore Shipping Corporation which has its Principal Operating Office at Cork City’s Albert Quay has made several appointments last month, writes Jehan Ashmore.

Ardmore is engaged in the ownership and operation of a fleet of 27 product and chemical tankers totalling in worldwide trade. The modern vessels on average are only five years in service. For further details of the mixed fleet, see further below.

The corporation’s executive office is based in Bermuda and has offices also located in Singapore and Houston, USA. The appointments made were for positions located in the latter two offices as outlined below:

Liwen Zhang joins the Ardmore financial team to work with the company’s financial team as Financial Accountant. Liwen is a Chartered Accountant with a strong background in shipping, having previously worked in various accounting and financial reporting roles within the industry.

She will be based in the Singapore office and will assist the financial team to meet its reporting requirements while reporting to Ardmore’s senior management team.

James (Jim) Monigan joins Ardmore as Regional Operations Manager based in Houston, USA, having had 20 years of experience in the maritime field. In his new role, Jim will be responsible for managing Ardmore’s spot trading vessels currently operating in the west region. 

He will also be working closely with Chartering Manager Holly Cummings, to provide support for Ardmore’s chartering activities in the US region.

Also recently joined Ardmore is Celia Kang to the team as Marine Personnel Manager. Kang holds a Bachelor’s Degree in Civil and Environmental Engineering and Banking, and joins the operations team in Singapore with 10 years of experience in the maritime industry including Maersk Singapore and AP Moller.

In her previous role, Celia worked for Thome Ship Management holding various positions including Strategic Crewing, Assistant Manager (tanker fleet), and lastly Deputy Head of Crewing. Her positions within Thome enabled her to have a direct working relationship with Ardmore’s operations team.

The recent appointments follow that of Afloat's coverage last October of Jorge Lavin as the company's Financial Controller.

Ardmore also provides to customers, voyage charters, commercial pools and time charters. In recent years the company have engaged in a succession of orders from Asian shipyards, culminating with ten newbuilds completed in 2010 alone.

Afloat has examined the fleet list that totals 27 vessels. Those that perform both functions range from 25,217dwt up to 49,999dwt.

Of the above fleet total, a quartet of vessels are ‘product’ only ships that range from 45,000 to 49,999dwt. Overall the fleet are modern given the majority were built since 2013 and mostly built in South Korea, the balance at yards in Japan.

What they also share in common is the fleet are all flagged in the Marshall Islands in the Pacific Ocean.

Published in Ports & Shipping

Ferry & Car Ferry News The ferry industry on the Irish Sea, is just like any other sector of the shipping industry, in that it is made up of a myriad of ship operators, owners, managers, charterers all contributing to providing a network of routes carried out by a variety of ships designed for different albeit similar purposes.

All this ferry activity involves conventional ferry tonnage, 'ro-pax', where the vessel's primary design is to carry more freight capacity rather than passengers. This is in some cases though, is in complete variance to the fast ferry craft where they carry many more passengers and charging a premium.

In reporting the ferry scene, we examine the constantly changing trends of this sector, as rival ferry operators are competing in an intensive environment, battling out for market share following the fallout of the economic crisis. All this has consequences some immediately felt, while at times, the effects can be drawn out over time, leading to the expense of others, through reduced competition or takeover or even face complete removal from the marketplace, as witnessed in recent years.

Arising from these challenging times, there are of course winners and losers, as exemplified in the trend to run high-speed ferry craft only during the peak-season summer months and on shorter distance routes. In addition, where fastcraft had once dominated the ferry scene, during the heady days from the mid-90's onwards, they have been replaced by recent newcomers in the form of the 'fast ferry' and with increased levels of luxury, yet seeming to form as a cost-effective alternative.

Irish Sea Ferry Routes

Irrespective of the type of vessel deployed on Irish Sea routes (between 2-9 hours), it is the ferry companies that keep the wheels of industry moving as freight vehicles literally (roll-on and roll-off) ships coupled with motoring tourists and the humble 'foot' passenger transported 363 days a year.

As such the exclusive freight-only operators provide important trading routes between Ireland and the UK, where the freight haulage customer is 'king' to generating year-round revenue to the ferry operator. However, custom built tonnage entering service in recent years has exceeded the level of capacity of the Irish Sea in certain quarters of the freight market.

A prime example of the necessity for trade in which we consumers often expect daily, though arguably question how it reached our shores, is the delivery of just in time perishable products to fill our supermarket shelves.

A visual manifestation of this is the arrival every morning and evening into our main ports, where a combination of ferries, ro-pax vessels and fast-craft all descend at the same time. In essence this a marine version to our road-based rush hour traffic going in and out along the commuter belts.

Across the Celtic Sea, the ferry scene coverage is also about those overnight direct ferry routes from Ireland connecting the north-western French ports in Brittany and Normandy.

Due to the seasonality of these routes to Europe, the ferry scene may be in the majority running between February to November, however by no means does this lessen operator competition.

Noting there have been plans over the years to run a direct Irish –Iberian ferry service, which would open up existing and develop new freight markets. Should a direct service open, it would bring new opportunities also for holidaymakers, where Spain is the most visited country in the EU visited by Irish holidaymakers ... heading for the sun!