American Shipping Company traded at 1.48 this Monday October 20th, decreasing 0.002 or 0.14 percent since the previous trading session. Looking back, over the last four weeks, American Shipping Company lost 0.94 percent. Over the last 12 months, its price fell by 94.54 percent. Looking ahead, we forecast American Shipping Company to be priced at 1.44 by the end of this quarter and at 1.35 in one year, according to Trading Economics global macro models projections and analysts expectations.
American Shipping Company ASA (AMSC), formerly Aker American Shipping, is a Norway-based company engaged in the field of sea-borne tankers. It owns and long-term bareboat charters vessels for operation in the United States Jones Act market. The Company’s fleet comprises a range of Medium Range (MR) product tankers, including Overseas Houston, Overseas Long Beach, Overseas Los Angeles, Overseas New York, and Overseas Martinez, among others, which are on long-term bareboat charter contracts with Overseas Shipholding Group Inc (OSG). Furthermore, the Company operates through a number of subsidiaries, such as American Tanker Holding Company Inc (ATHC), American Shipping Corporation II (ASC II), American Tanker Inc (ATI), as well as ten separate leasing companies ASC Leasing I - X Inc.