American Shipping Company ASA - First quarter 2019 results

HIGHLIGHTS Stable Q1 bareboat revenue of USD 21.6 millionBacklog of secured bareboat revenue of USD 281.1 million with average weighted tenor of 3.2 years Normalized EBITDA for Q1 of USD 21.7 million and adjusted net profit for of USD 2.2 million Stable Jones Act tanker market fundamentals with limited new time charter and spot voyage activity AMSC received USD 16.3 million in liquidation proceed from Philly Tankers AS and subsequently repaid the outstanding USD 10.7 million...

Lysaker, 21/05/2019 (informazione.news - comunicati stampa - trasporti)

HIGHLIGHTS

AMSC CEO, Pål Magnussen comments,

 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, 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.

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