American Shipping Company (AMSC)

[pdx]

Starter en tråd om American Shipping Company (AMSC) siden en del har den i favoritt-listen eller i porteføljen sin

American Shipping Company ASA, through its subsidiaries, operates as a ship owning and lease finance company in the United States. It is involved in the purchase and bareboat chartering of product tankers, shuttle tankers, and other vessels to operators and end users in the Jones Act market.

American Shipping Company ASA operates a fleet of 9 product tankers and 1 shuttle tanker. The company was formerly known as Aker American Shipping ASA and changed its name to American Shipping Company ASA in June 2008.

American Shipping Company ASA was founded in 2005 and is headquartered in Lysaker, Norway.

La oss starte diskusjonen! @morg @halgrim @sulzrox @NJR @Storg @Joop @spontein @pdx

[halgrim]

Som en liten trådstarter; Noen som har formening om en eventuell kontraktutvidelse mellom AMSC og OSG vil bli annonsert? En enorm trigger som kan sende AMSC til nye høyder. OSG med bull Q1 forrige uke, som bare bekrefter at Jones Act markedet går mot lysere tider. Noen innvendinger?

[TekBot]

American Shipping Company ASA : Key information relating to the cash dividend to be paid by AMSC

Lysaker, 23 May 2018

Dividend amount: USD 0.08 per share
Declared currency: USD
Last day including right: 28 May 2018
Ex-date: 29 May 2018
Record date: 30 May 2018
Payment date: on or about 7 June 2018
Date of approval: 22 May 2018

This information is published in accordance with the requirements of the
Continuing Obligations.

Ekstern link: http://www.newsweb.no/index.jsp?messageId=451922

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20180523.OBI.20180523S17

[sulzrox]

Får vi litt volum i dag kan den være ein kjøps kandidat.
Ein eventuelt handelskrig vil vel heller ikkje på virke AMSC så mykje?

[halgrim]

bra driv idag. Jones Act skip står ikke overfor samme trussel om handelskrig ettersom det dreier seg om handel internt i USA. På den annen side vil kanskje handelskrig incentivere til at tilbudssiden i innenlandsmarkedet øker?

[TekBot]

American Shipping Company ASA : Second quarter 2018 results

Lysaker, 23 August 2018, American Shipping Company ASA ("AMSC or the “Company”) announces results for second quarter ending 30 June 2018.

HIGHLIGHTS
             

Stable Q2 bareboat revenue of USD 21.9 million and backlog of secured bareboat revenue of USD 182 million with average weighted tenor of 2.1 years

Normalized EBITDA for Q2 of USD 21.5 million

Adjusted net profit for Q2 of USD 1.6 million

Crude transportation volumes to the U.S. Northeast remains strong

Seasonal reduction in spot activity towards the end of second quarter, mitigated by continued increased demand for time charter contracts

Declared Q2 dividend of USD 0.08 per share, in line with previous guidance and backed by the Company’s contracted cash flow

AMSC CEO, Pål Magnussen comments, “We are pleased to deliver another quarter of consistent financial results. The spot market experienced somewhat reduced activity as a result of seasonal slowdown. Nonetheless, new 12-18 months’ time charter fixtures during the second quarter demonstrates the positive trend and continued recovery of the tanker market.”

The full report is attached, along with the Q2 presentation.

Company contacts:

Pål Magnussen, Chief Executive Officer
+47 24 13 00 04

Morten Bakke, Chief Financial Officer
+47 24 13 00 87

Leigh Jaros, Business Controller / Finance Manager
+1 484 880 3741

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

AMSC Q2 2018 report
AMSC Q2 2018 presentation

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: American Shipping Company ASA via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20180823.GlobeNewswire.HUG2212378

[TekBot]

American Shipping Company ASA : Key information relating to the cash dividend to be paid by AMSC

Lysaker, 23 August 2018

Dividend amount: USD 0.08 per share
Declared currency: USD
Last day including right: 28 August 2018
Ex-date: 29 August 2018
Record date: 30 August 2018
Payment date: on or about 7 September 2018
Date of approval: 22 August 2018

This information is published in accordance with the requirements of the Continuing Obligations.

 

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: American Shipping Company ASA via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20180823.GlobeNewswire.HUG2212377

[TekBot]

American Shipping Company ASA : Ex-dividend today

Lysaker, 29 August 2018

Reference is made to the Company’s Q2 2018 report, regarding the Board’s authorization to pay a quarterly dividend of USD 0.08 per share to the shareholders of AMSC on record as of 30 August 2018.  The shares in American Shipping Company ASA will be traded ex dividend USD 0.08 as from today, 29 August 2018.  The NOK amount per share will be 0.6649 and will be paid on or about 7 September 2018.  The dividend is classified as a return of paid in capital.

***

About American Shipping Company ASA:

Established in 2005 and listed on the OSE, AMSC is a ship owning company with nine modern handy size product tankers and one modern handy size shuttle tanker on long term bareboat charter with Overseas Shipholding Group (OSG). OSG charters the vessels out on time charters to major oil companies in the U.S. coastwise Jones Act trade.  AMSC has a significant contract backlog as well as a profit sharing agreement with OSG which offers visibility with respect to future earnings and potential dividend capacity. The Company has  an  ambition  to pay  attractive dividends  to its shareholders. Further information is available at www.americanshippingco.com.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

 

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: American Shipping Company ASA via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20180829.GlobeNewswire.HUG2213054

[pdx]

Hver måned kårer jeg det jeg kaller Teksperter™ for noen av de mest populære investeringene våre

Det er de 3 medlemmene som har fått flest likes på innleggene sine de siste 90 dagene. Teksperter™ får også en unikt merke på profilen sin og et trofé-ikon ved siden av navnet sitt. Du kan bli Tekspert™ i flere aksjer/investeringer, og troféet vil bare vises i tråder der du er Tekspert™.

Her er denne månedens Teksperter™ og det mest likte innlegget deres fra de siste 90 dagene:

1. @sulzrox (1 likes)

Får vi litt volum i dag kan den være ein kjøps kandidat.

2. @halgrim (1 likes)

bra driv idag. Jones Act skip står ikke overfor samme trussel om handelskrig ettersom det dreier seg om handel internt i USA. På den annen side vil kanskje handelskrig incentivere til at tilbudssiden i innenlandsmarkedet øker?

Gratulerer!

[sulzrox]

Ser ut til vi no skal opp.
AMSC har gått sidelengs siden Mai.

[pdx]

Hver måned kårer jeg det jeg kaller Teksperter™ for noen av de mest populære investeringene våre

Det er de 3 medlemmene som har fått flest likes på innleggene sine de siste 90 dagene. Teksperter™ får også en unikt merke på profilen sin og et trofé-ikon ved siden av navnet sitt. Du kan bli Tekspert™ i flere aksjer/investeringer, og troféet vil bare vises i tråder der du er Tekspert™.

Her er denne månedens Teksperter™ og det mest likte innlegget deres fra de siste 90 dagene:

1. @sulzrox (5 likes)

Ser ut til vi no skal opp.

Gratulerer!

[nordpolen]

Er det noen som følger denne? Gått mye ned, hva er status på kontrakter ++?

[TekBot]

American Shipping Company ASA - Key information relating to the cash dividend to be paid by AMSC

Dividend amount: USD 0.08 per share

Declared currency: USD
…

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Last day including right: 25 May 2020

Ex-date: 26 May 2020

Record date: 27 May 2020

Payment date: on or about 4 June 2020

Date of approval: 19 May 2020

This information is published in accordance with the requirements of the
Continuing Obligations.

Kilde

[TekBot]

American Shipping Company ASA - First quarter 2020 financial results

Lysaker, 20 May 2020, American Shipping Company ASA (“AMSC” or the “Company”)
announces results for first quarter ending 31 March 2020.

…

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HIGHLIGHTS

· AMSC successfully closed a USD 305 million bank debt refinancing with new
and existing lenders at attractive and improved terms. The new debt facilities
reduce cost of capital and increase free cash flow
· Stable Q1 financial performance with bareboat revenue of USD 21.9 million,
normalized EBITDA of USD 22.0 million and adjusted net profit of USD 2.9 million
· Backlog of secured bareboat revenue of USD 300.4 million with average
weighted tenor of 3.4 years
· Declared Q1 dividend of USD 0.08 per share, in line with previous guidance
and backed by the Company’s contracted cash flow

AMSC CEO, Pål Lothe Magnussen comments, “We are pleased to report another
quarter with stable financial performance based on contracted cash flow for the
entire fleet. Stable cash flow in combination with the new bank debt financing,
will translate into stronger financial results going forward and increasing net
free cash flow. Despite global uncertainty from the COVID-19 pandemic, AMSC
remains insulated with “come hell and high water” bareboat contracts, and no
debt maturities until 2022.”

The full report is attached, along with the Q1 presentation.

Company contacts:

Pål Magnussen, Chief Executive Officer

+47 24 13 00 04

Morten Bakke, Chief Financial Officer

+47 24 13 00 87

Leigh Jaros, Controller

+1 484 880 3741

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

American Shipping Company ASA - Ex dividend today

Lysaker, 26 May 2020

…

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Reference is made to the Company’s Q1 2020 report, regarding the Board’s
authorization to pay a quarterly dividend of USD 0.08 per share to the
shareholders of AMSC on record as of 27 May 2020. The shares in American
Shipping Company ASA will be traded ex dividend USD 0.08 as from today, 26 May
2020. The NOK amount per share will be 0.8019 and will be paid on or about 4
June 2020. The dividend is classified as a return of paid in capital.

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About American Shipping Company ASA:

Established in 2005 and listed on the OSE, AMSC is a ship owning company with
nine modern handy size product tankers and one modern handy size shuttle tanker
on long term bareboat charter with Overseas Shipholding Group (OSG). OSG
charters the vessels out on time charters to major oil companies in the U.S.
coastwise Jones Act trade. AMSC has a significant contract backlog as well as a
profit sharing agreement with OSG which offers visibility with respect to future
earnings and potential dividend capacity. The Company has an ambition to pay
attractive dividends to its shareholders. Further information is available at
www.americanshippingco.com.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

Goldman Sachs Group, Inc. Disclosure: AMERICAN SHIPPING COMPANY AS

This notification relates to a major shareholder disclosure in AMERICAN SHIPPING COMPANY ASA for COB 8 June 2020.

Please see attachement www.newsweb.no
…

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Kilde

[TekBot]

American Shipping Company ASA - American Tanker, Inc. engages financial advisors

Oslo, 10 June 2020 - American Tanker, Inc (“ATI”), an indirectly wholly owned
subsidiary of American Shipping Company ASA (OSE: AMSC, OTCQX: ASCJF) is
exploring options for refinancing of its existing USD220m senior unsecured bond
…

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issued by American Tanker, Inc. maturing in February 2022 (AMTI01). ATI has
engaged Arctic Securities, Clarksons Platou Securities, Pareto Securities and
SEB as its financial advisors in this regard.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

AMSC contacts:

Pål Magnussen, Chief Executive Officer

+47 24 13 00 04

Morten Bakke, Chief Financial Officer

+47 24 13 00 87

ATI Contact:

Leigh Jaros, President & Chief Executive Officer

+1 484 880 3741

About American Shipping Company ASA:

Established in 2005 and listed on the Oslo Stock Exchange, AMSC is a ship owning
company with nine modern handy size product tankers and one modern handy size
shuttle tanker on long term bareboat charter with Overseas Shipholding Group
(OSG). OSG charters the vessels out on time charters to major oil companies in
the U.S. coastwise Jones Act trade. AMSC has a significant contract backlog as
well as a profit sharing agreement with OSG which offers visibility with respect
to future earnings and potential dividend capacity. Further information is
available at www.americanshippingco.com.

Kilde

[TekBot]

Goldman Sachs Group, Inc. Disclosure: AMERICAN SHIPPING COMPANY ASA: Date of Transaction: 10 June 2020

This notification relates to a major shareholder disclosure in AMERICAN SHIPPING COMPANY ASA for COB 10 June 2020.

See attachments on www.newsweb.no
…

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Kilde

[TekBot]

American Shipping Company ASA - American Tanker, Inc.: Successful close of USD200m bond issue

Lysaker, 17 June 2020

Reference is made to the press release dated 11 June 2020 by American Tanker,
…

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Inc (“ATI”), an indirectly wholly owned subsidiary of American Shipping Company
ASA (OSE:AMSC, OTCQX:ASCJF) in relation to its engagement of financial advisors
to explore options to refinance its outstanding USD 220 million bond. ATI has
today successfully completed the placement of a USD 200 million senior
unsecured bond among Nordic and International investors.

The new bond issue has a coupon of 7.75% and a tenor of 5 years. The net
proceeds will be used to refinance the outstanding bond issue with ticker AMTI01
maturing in February 2022.

Settlement is expected to be 2 July 2020 with final maturity date expected to be
2 July 2025.

An application will be made for the bonds to be listed on the Oslo Stock
Exchange.

ATI had retained Arctic Securities, Clarksons Platou Securities, Pareto
Securities and SEB as joint lead managers for the transaction. Fearnley
Securities and Sparebank 1 Markets had been retained as Co-Managers.

AMSC contacts:

Pål Magnussen, Chief Executive Officer +47 24 13 00 04

Morten Bakke, Chief Financial Officer +47 24 13 00 87

ATI Contact:

Leigh Jaros, President & Chief Executive Officer +1 484 880 3741

The bonds have not been and will not be registered under the Securities Act or
any state securities laws, and may not be offered or sold in the United States
absent registration or unless pursuant to an applicable exemption from the
registration requirements of the Securities Act and any other applicable
securities laws. This press release does not constitute an offer to sell or the
solicitation of an offer to buy the bonds, nor shall it constitute an offer,
solicitation or sale in any jurisdiction in which such offer, solicitation or
sale would be unlawful.

About American Shipping Company ASA:

Established in 2005 and listed on the Oslo Stock Exchange, AMSC is a ship owning
company with nine modern handy size product tankers and one modern handy size
shuttle tanker on long term bareboat charter with Overseas Shipholding Group
(OSG). OSG charters the vessels out on time charters to major oil companies in
the U.S. coastwise Jones Act trade. AMSC has a significant contract backlog as
well as a profit sharing agreement with OSG which offers visibility with respect
to future earnings and potential dividend capacity. Further information is
available at www.americanshippingco.com.

Kilde

[TekBot]

American Shipping Company ASA: Primary Insider Disclosure

The following primary insiders (or their related parties as described below)
have, as part of the company’s incentive program, today committed to acquire
shares in American Shipping Company ASA (the “Company” or “AMSC”):
…

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• Pål Lothe Magnussen, CEO, has acquired 20,000 shares in AMSC. Upon completion
  of such acquisition, Pål Lothe Magnussen will own, directly or indirectly,
  85,000 shares in the Company, corresponding to 0.14% of the share capital and
  votes in the Company.

• Morten Bakke, CFO, has through his wholly owned company MB Capital AS acquired
  30,000 shares in AMSC. Upon completion of such acquisition, Morten Bakke will
  own, directly or indirectly, 80,000 shares in the Company, corresponding to
  0.13% of the share capital and votes in the Company.

*Leigh Jaros, Controller, has acquired 2,000 shares in AMSC. Upon completion of
such acquisition, Leigh Jaros, will own, directly or indirectly, 2,000 shares in
the Company, corresponding to 0.003% of the share capital and votes in the
Company.

The acquisition of shares will be made as part of the Company’s management
incentive program and will therefore be acquired from the Company. The price
paid per share will equal the closing price as of the date AMSC delivers the
shares, less a discount of 20% reflecting that the shares will have a lock-up
period of three years.

The Company intends to deliver the shares in the form of treasury shares held by
or acquired by the Company. In order to have shares available for delivery under
the incentive program, the Company intends to buy back a total of up to 52,000
shares in the Company through open market purchases, adding to the Company’s
current holding of 0 treasury shares. The buyback is carried out pursuant to the
authorization granted to the Company’s Board in the annual general meeting held
on 27 April 2020.

This information is subject to sections 4-2 and 5-12 of the Norwegian
Securities Trading Act.

Kilde