AMSC snapshot - American Shipping Company

AMSC snapshot

About us

  • Ship financing company established in 2005 and publicly traded on the Oslo Stock Exchange under the ticker AMSC

  • Aker ASA is the largest shareholder with ~19% of the shares

  • Fleet of 9 modern MR product tankers and 1 modern shuttle tanker all operating in the U.S. Jones Act market

  • All vessels on bareboat contracts with leading U.S. Jones Act company, Overseas Shipholding Group, Inc. (OSG), through 2019 with evergreen extension options

  • Substantial dividend capacity from bareboat revenue and additional cash flow from profit sharing mechanism with OSG

  • Among the highest yielding companies on the Oslo Stock Exchange

Goals and Strategies

  • Be the preferred ship owning and lease finance company in the Jones Act market

  • Generate stable cash flow from long term bareboat charters protected from short term market fluctuations

  • Create upside potential through profit sharing arrangements with charterers

  • Work closely with charterers to ensure maximum value is gained from individual time charters and profit sharing arrangements

  • Maintain stringent control on costs associated with the management of AMSC

  • Have a modern, safe and operationally friendly fleet

  • Explore, evaluate and invest in value creating opportunities for our stakeholders

  • Ensure efficient use of capital