Brief: American Shipping Co & OSG Jointly Says Extension Of All Tanker Charters

Amsc ASA

10/12/2018 21:31

Dec 10 (Reuters) - American Shipping Company ASA  AMSCA.OL :
    * REG-AMERICAN SHIPPING COMPANY ASA : OSG & AMSC JOINTLY
ANNOUNCE
EXTENSION OF ALL TANKER CHARTERS
    * AMERICAN SHIPPING COMPANY - OSG HAS EXERCISED OPTIONS TO
EXTEND
ITS CHARTER AGREEMENTS WITH AMSC FOR NINE VESSELS CURRENTLY
UNDER CHARTER FROM AMSC
    * AMERICAN SHIPPING CO-CHARTER AGREEMENTS FOR 5 OF VESSELS
EXTENDED FOR ADDITIONAL 3-YEAR TERMS, COMMENCING FROM DECEMBER
2019 AND ENDING IN DEC 2022
    * AMERICAN SHIPPING COMPANY- CHARTER AGREEMENTS FOR FOUR
VESSELS
WERE EXTENDED FOR ONE-YEAR TERMS COMMENCING FROM DEC 2019 AND
ENDING IN DEC 2020
    * ALL TEN BAREBOAT CHARTER AGREEMENTS WITH AMSC HAVE NOW
BEEN
EXTENDED FOR ADDITIONAL PERIODS
    * AMERICAN SHIPPING- CHARTER AGREEMENTS PROVIDE EACH
ONE-YEAR
OPTION IS ONLY USABLE ONCE, WHILE THREE- AND FIVE-YEAR OPTIONS
ARE AVAILABLE INDEFINITELY

Source text for Eikon:  ID:nGNE72dNGK 
Further company coverage:  AMSCA.OL 

 ((Reuters.Briefs@thomsonreuters.com;))