American Shipping Company ASA : Two New Multi-Year Bareboat Charters
Lysaker, Norway – 10 June 2022 American Shipping Company ASA (Oslo Stock Exchange: AMSC / OTCQX: ASCJF) is pleased to announce that it has entered into bareboat charters for two of its vessels commencing in December 2022 with Keystone Shipping Co. (Keystone), a premier U.S. tanker operator. The bareboat charters have minimum terms of three years which may be extended at the charterer’s options. The charters are secured by back-to-back time charters of the same duration between Keystone and a major U.S. based oil and refinery group. The new charters add almost USD 60 million to AMSC’s