Stock Information News Financial Calendar Bond Overview Shareholders Analyst Coverage ABOUT AMSC FLEET REPORTS AND PRESENTATIONS AGM 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". Board and Management AMSC has a management team consisting of three professionals with broad experience in shipping and finance. The management team is governed by the board of directors consisting of three members. The board members represent a combination of expertise, capabilities, and experience from various finance, industry, and non-governmental organizations. Read more KEY FACTS 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 and on long term bareboat charters with evergreen extension options with Overseas Shipholding Group, Inc. (OSG) Four bareboat contracts expiring in 2020 Five bareboat contracts expiring in 2022 Shuttle tanker bareboat contract expiring in June 2025 Substantial dividend capacity from bareboat revenue and additional cash flow from profit sharing mechanism with OSG Contract Coverage The AMSC fleet caters the crude oil and refined petroleum products logistics for oil majors and refiners in the U.S. coastal trade. All vessels are deployed on long term bareboat contracts. See fleet and charter cover articles U.S. Jones Act The Jones Act requires that waterborne transportation of merchandise between two points in the United States must take place aboard a vessel that is U.S.-built, U.S.-owned, U.S.-flagged, and U.S.-crewed. This is also known as coastwise trade and is governed by cabotage laws. Read more Corporate Governance American Shipping Company ASA’s focus is on building a premier ownership position in the Jones Act market to create maximum value for its shareholders. Good corporate governance will help to reduce risk and ensure sustainable value creation. Read more 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 Learn more Articles of Association Read more Board and management Read more History Read more Contact Norway Office Oksenøyveien 10, Building B 1366 Lysaker, Norway P.O. Box 230 1326 Lysaker, Norway Pål L. Magnussen, CEO pal.magnussen@amshipco.no Morten Bakke, CFO morten.bakke@amshipco.no U.S. Office 415 McFarlan Road, Suite 205 Kennett Square, PA 19348 USA Leigh Jaros, Finance Manager leigh.jaros@amshipco.com Designet og utviklet av Dinamo