AMSC ASA – UPDATE REGARDING CHARTER EXTENSIONS
Lysaker, Norway – 9 December 2022 – AMSC ASA (AMSC) announced that Overseas Shipholding Group (OSG) has yesterday declared its options to extend the bareboat charter agreements for six vessels currently under charter from AMSC to OSG by three years, moving the new bareboat expiry dates to December 2026. This increases AMSC’s bareboat charter backlog with a total of 18 vessel years and more than USD 163 million. An overview of AMSC’s bareboat contract coverage is attached. AMSC CEO Pål Lothe Magnussen commented, “The extension of six Jones Act product tankers by OSG increases AMSC’s