AMSC ASA Completes Dividend-in-Kind Payment Amid Liquidation
AMSC ASA, a company operating within the marine transportation sector, has recently completed its dividend-in-kind payment as it continues its liquidation process. The company, known for its involvement in the ship owning and lease finance industry, has experienced significant fluctuations in its stock price over the past year. The stock reached a 52-week high of NOK 35.45 on July 2, 2024, and a low of NOK 1.378 on May 6, 2025. As of May 18, 2025, the closing price was NOK 1.478.
Company Overview
AMSC ASA, formerly known as Aker American Shipping ASA, operates primarily in the United States, focusing on the purchase and bareboat chartering of product tankers, shuttle tankers, and other vessels. The company caters to the Jones Act market, serving both operators and end users. Its fleet currently includes 9 product tankers and 1 shuttle tanker. Headquartered in Lysaker, Norway, AMSC ASA was founded in 2005 and trades on the Oslo Bors ASA. More information can be found on its website at www.amerianshippingco.com .
Financial Metrics
The company’s market capitalization stands at NOK 9,830,000. Financially, AMSC ASA’s price-to-earnings ratio is 0.23646, and its price-to-book ratio is 0.0535, indicating a relatively low valuation. These metrics reflect the company’s current financial standing amidst its liquidation process.
Conclusion
As AMSC ASA completes its dividend-in-kind payment, stakeholders are closely monitoring the company’s financial trajectory. The significant decline in stock price from its peak highlights the challenges faced by the company in the marine transportation sector.