Who we are - American Shipping Company

Who we are

About us

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

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

  • Fleet of 10 modern MR product tankers operating in the U.S. Jones Act market

  • All vessels on bareboat contracts with one of the largest U.S. ship owning companies, Overseas Shipholding Group, Inc. (OSG), through 2019 with evergreen 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 a 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 the charterers

  • Work closely with charterers to ensure that maximum value is gained from each of the time charters and the profit sharing arrangements

  • Maintain stringent controls on all costs associated with the management of AMSC

  • Have a modern, safe and operationally friendly fleet

  • Explore and invest in value creating opportunities for our stakeholders

  • Apply the tools of financial engineering to ensure an optimal use of capital