Pal Magnussen
Chief Executive Officer at American Shipping Company ASA - New London, Connecticut, United States
Pal Magnussen's Colleagues at American Shipping Company ASA
Pal Magnussen's Contact Details
+1 472-413-0000
Oslo,Oslo,Norway
American Shipping Company ASA
Pal Magnussen's Company Details
Ship financing company established in 2005 and publicly traded on the Oslo Stock Exchange under the ticker AMSCAker is largest shareholder with ~ 19% of the sharesFleet of 10 modern MR product tankers operating in the U.S. Jones Act marketAll vessels on bareboat contracts with one of the largest U.S. ship owning companies, Overseas Shipholding Group, Inc. (OSG), through 2019 with evergreen optionsSubstantial dividend capacity from bareboat revenue and additional cash flow from profit sharing mechanism with OSGAmong the highest yielding companies on the Oslo Stock Exchange