- Business
- AMSC ASA (ticker: ASCJF), a Norway-based maritime investment company founded in 2005 and headquartered in Lysaker, focuses on generating yield through strategic shareholdings and bareboat chartering of maritime assets; its primary investment is a substantial stake in Solstad Maritime Holding AS, which operates offshore vessels including subsea construction support ships like the Normand Maximus. Previously engaged in owning and chartering a fleet comprising nine modern handy-size product tankers, one handy-size shuttle tanker, and U.S. Jones Act-compliant tankers on long-term bareboat contracts with counterparties such as Overseas Shipholding Group (OSG) and Keystone, providing stable cash flows and profit-sharing opportunities. In October 2022, the company changed its name from American Shipping Company ASA to AMSC ASA; in 2023, it divested its U.S. Jones Act tanker business to funds managed by Maritime Partners LLC via the sale of subsidiary American Tanker Holding Company Inc., streamlining operations toward its core investment in Solstad; as of 2025, AMSC ASA is under liquidation proceedings, with an extraordinary general meeting scheduled for October 30, 2025. The company targets institutional investors and maritime operators primarily in Europe and the United States, with minimal direct employees (three) and governance by a three-member board supported by two professionals in shipping and finance.