AMSC American Shipping Company ASA

American Shipping Company ASA - Key information relating to the cash dividend to be paid by AMSC

American Shipping Company ASA - Key information relating to the cash dividend to be paid by AMSC

Lysaker, 20 November 2019

Dividend amount: USD 0.08 per share

Declared currency: USD

Last day including right: 25 November 2019

Ex-date: 26 November 2019

Record date: 27 November 2019

Payment date: on or about 5 December 2019

Date of approval: 19 November 2019

This information is published in accordance with the requirements of the Continuing Obligations.

EN
20/11/2019

Underlying

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Reports on American Shipping Company ASA

Jørgen Lian
  • Jørgen Lian

Another abrupt change

The US Trade Representative on 17 April published revised US port fees with significant changes to the initial proposal based on industry feedback. In its current form, the fees will primarily discourage use of Chinese-controlled maritime trade services to the US, and directly affect the use of Chinese-built vessels in US ports (with several considerable exemptions to avoid harm to US trade). The previous broader fees based on fleet composition and share of Chinese-built vessels has been scrappe...

Jørgen Lian
  • Jørgen Lian

‘The times they are a-changin’

The recurring theme at our 18th Energy & Shipping Conference was geopolitical uncertainty and a potential trade war, warranting a wait-and-see approach, particularly on the Trump 2.0 effect. The consensus view pointed to high asset values, with no rush to the yards, aligning with below-NAV valuations across most of our coverage. However, panellists generally saw less downside risk than the 25% average discount to steel for our Tanker, Dry Bulk and Gas coverage. Overall, the day highlighted uncer...

Jørgen Lian
  • Jørgen Lian

AMSC ASA (No_rec, TP: NOK) - Discontinuing coverage

We have discontinued coverage of AMSC. Our last published recommendation, target price and estimates should no longer be relied upon.

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