Ardmore Shipping (NYSE:ASC) reported second-quarter adjusted earnings of $48.3 million, or $1.18 per share, as product tanker market conditions remained strong. Within five years, half of MR vessels will be more than 20 years old and approaching the typical scrapping window, he added. About Ardmore Shipping (NYSE:ASC)Ardmore Shipping Corporation is a Bermuda-based provider of seaborne transportation services for refined petroleum products. Ardmore Shipping focuses on the ocean carriage of clean and dirty petroleum products under time charters, bareboat charters and spot voyages, serving a diverse customer base that includes major oil companies and trading houses. Since its founding in 2005, Ardmore Shipping has grown its fleet through newbuilding contracts, second-hand acquisitions and fleet renewals, aiming to maintain a high quality, fuel-efficient profile.