American Shipping Company ASA - Second quarter 2022 results
Lysaker, 23 August 2022, American Shipping Company ASA (“AMSC” or the “Company”) announces results for the second quarter ending 30 June 2022. HIGHLIGHTS · Stable financial performance with bareboat revenue of USD 22.0 million, normalized EBITDA of USD 20.9 million and adjusted net profit of USD 3.8 million · On 12[th] May, AMSC reported an agreement to acquire the offshore construction vessel Normand Maximus and to enter into a long- term bareboat charter commencing in Q4 2022 to a subsidiary of Solstad Offshore ASA · On 10[th] June, AMSC announced two new multi-year Jones