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...

London, 23/08/2018 (informazione.news - comunicati stampa - trasporti)

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

             

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.