CEO Gernot Ruppelt explains why Ardmore views good governance and sustainability as central to value creation, rather that compliance
When Ardmore Shipping chief executive officer Gernot Ruppelt took over the helm in 2024, it marked not a reset, but a reinforcement. “We were not looking for a stark departure from what has been a very successful run for the business,” he said. “It is about continuity — paired with evolution.”
In his first full year as CEO, Mr Ruppelt has focused on three key strategic objectives: innovation; transactional opportunities; and culture. These, he said, reflect the company’s long-held belief that sustainability and performance are not competing forces, but deeply interlinked. “Leadership priorities have really been around these three key pillars,” he said, explaining that innovation must “permeate the orgnisation,” while culture remains the company’s “key competitive advantage.”
Having joined Ardmore in 2013 and served as chief commercial officer for over a decade, Mr Ruppelt sees his elevation as a continuation of the company’s strategy, rather than a change in direction. “I had been with the company for 11 years before taking over... so this was more about pairing continuity of our strong governance and our values with evolution,” he said. “The world is constantly changing, and as a business, you need to change with it — and ideally at a higher pace than your environment.”
At the heart of this evolution is Ardmore’s view of sustainability not as an obligation, but as a source of operational strength. “Sustainability should never be just a tick-box,” he said. “There are a lot of buzzwords, but if it does not meet the business, if it does not drive value as well, then it is a missed opportunity.”
This philosophy underpins Ardmore’s 2024 sustainability programme, which included US$14M of investment in energy-saving technologies. That spend was carefully targeted following what Mr Ruppelt described as rigorous screening. “We scrutinised any opportunity for an efficiency upgrade. On average, for every 20 efficiency projects we execute on, we would have pre-screened and trialled about 100 on an ongoing basis.” He added that Ardmore typically seeks return on investment (ROI) in the range of “20 to low 20s,” with some projects delivering more than 100% returns.
“We are already now booking early wins”
One example cited was the installation of MarineLine tank coatings on six chemical tankers. “It enables us to carry a wider range of chemical cargoes and shorten tank preparation,” he explained. “We are already now booking early wins — triangulation opportunities that would have been out of reach until now.”
Energy transition technologies were implemented alongside voyage optimisation tools. Ardmore’s partnership with DeepSea AI enabled a shift from ‘self-made’ voyage management to fully machine-learning-enabled decision-making. “It is about optimising the balance between marginal cost and marginal revenue, on any given voyage,” Mr Ruppelt said. “Before, it was already a robust process but more manual. Now, we can optimise in real time at a very granular level.”

But the intention is not to remove people from the process. “It is never with an intention to replace the human element — far from it. It is supposed to support and improve your judgement and your quality of decision making at every level of the business, by gaining speed or accuracy through digital augmentation.”
This approach reflects a broader effort to embed AI capability across the company. “We have been really focusing on how we can bring AI to the forefront of not just managing fuel efficiency — that is the low-hanging fruit — but to help all parts of the business,” he said. He cited examples from technical operations, commercial decision-making, and even HR.
Ardmore’s data-led approach to sustainability was built over years of telemetry investment. “We were one of the first to embrace onboard telemetry through an early partnership with Albis,” Mr Ruppelt said. “That gives us a very granular read on fuel consumption in different speed, weather and trim conditions,” he said. “We now have 15 years of high-frequency data, which means that when we run AI models, we do so on a very strong foundation.”
That culture of performance through data also extends to Ardmore’s inclusion and safety efforts. In 2024, Ardmore reported a lost time injury frequency (LTIF) of 0.25 and Total Recordable Case Frequency (TRCF) of 0.50. According to Mr Ruppelt, performance in these areas stems from the same mindset that governs fuel optimisation or commercial agility: “We believe that sustainability, safety and performance enable each other.”
The company’s approach to diversity, equity, inclusion and belonging (DEIB) is similarly embedded. “We do not just propagate — we live it,” he said. “You have to ask: what are we trying to achieve here? A good working environment, of course, but it must also lead to better business performance.”
In 2024, Ardmore reported 16 female officers on board and cited several leadership appointments that illustrate the company’s inclusive culture. These include Holly Cummings, global chartering director, and Robert Gaina, who will assume the chief operating officer role in 2026. Mr Gaina joined Ardmore at sea serving as master on the Ardmore fleet, he then progressed through multiple commercial leadership roles after coming ashore. “He took the leap, got himself additional leadership education through an executive MBA, and is now stepping into a key strategic role,” said Mr Ruppelt.
Looking ahead, Ardmore continues to view innovation and efficiency as an ongoing pursuit. “Just when you think you are done in terms of squeezing efficiency out of your ships, something new surfaces. Technology development, hardware or software, never stands still, he said. “As such, opportunities for incremental improvements are limitless,” he said.
“Sustainability, safety and performance enable each other”
The company does not plan to develop or fund new technologies directly. “We are not a programming company, we are not an engineering company, we are not a VC fund,” said Mr Ruppelt. “Our strength is in adopting the right technologies quickly. That is what makes us a better business.”
On the question of alternative fuels, Ardmore remains open but pragmatic. “We are probably still agnostic,” he said. “Through a method of reduction, we can say, a certain fuel type is probably not going to work for us, based on what we see today,” he said. “But if the facts change, we change our mind,” he added.
The challenge is operational as much as technical. “We are an MR and chemical operator that operates very much in the spot market. Any bunkering system that requires extended port stays or a lot of advance planning seems harder to achieve with our trading model,” he said. “Sometimes it pays to be the first mover. Other times, it is more sensible to be second or even third mover.”
Ultimately, Ardmore’s strategy remains one of adaptability — guided by purpose, not trend. “You have to ask: why are we doing this? It is not just to tick a box. It must have a positive impact on business performance and on people. That is what drives the difference,” he said.
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