The US Jones Act Yield Company

American Shipping Company (AMSC) is a ship finance company focused on the intercoastal U.S. Jones Act shipping market. The company owns a fleet of nine modern handy size product tankers and one modern handy size shuttle tanker. AMSC charters its vessels on long term bareboat charters that provide stable, predictable cash flow. The Company is listed on the Oslo Stock Exchange under the symbol "AMSC".


  • 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
  • Nine vessels on bareboat contracts with leading U.S. Jones Act company, Overseas Shipholding Group, Inc. (OSG), through 2019 with evergreen extension options
  • Shuttle tanker on bareboat contract to OSG until June 2025
  • Substantial dividend capacity from bareboat revenue and additional cash flow from profit sharing mechanism with OSG



  • 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

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