Oslo, 5 November 2015 - Reference is made to the Company's Q3 2015 report, regarding the Board's authorization to pay a quarterly dividend of USD 0.103 per share to the shareholders of AMSC on record as of 5 November 2015. Based on the closing NOK/USD exchange rate on 3 November 2015, the NOK amount per share will be 0.87748 and will be paid on or about 13 November 2015. The dividend is classified as a return of paid in capital.
About American Shipping Company ASA:
Established in 2005 and listed on the OSE, AMSC is a ship owning company with ten modern handy size product tankers on long term bareboat charter with Overseas Shipholding Group (OSG). OSG charters the vessels out on time charters to major oil companies in the U.S. coastwise Jones Act trade. AMSC has a significant contract backlog as well as a profit sharing agreement with OSG which offers visibility with respect to future earnings and potential dividend capacity. The Company has an ambition to pay attractive and growing dividends to its shareholders. Further information is available at www.americanshippingco.com.