LYSAKER, Norway and NEW ORLEANS, Aug. 22, 2023 /PRNewswire/ -- AMSC ASA ("AMSC") and Maritime Partners, LLC today announced that AMSC and Project Merchant Acquisition LLC (the "PM Acquisition"), a newly-formed company owned and controlled by a fund managed by Maritime Partners, LLC, have signed a share purchase agreement (the "SPA") for PM Acquisition's purchase of American Tanker Holding Company, Inc. (the "ATHC"), a wholly-owned subsidiary of AMSC, (the "Transaction"). ATHC, through its subsidiaries, owns nine handysize products tankers and one handysize shuttle tanker, all of which are on long-term bareboat charter to Overseas Shipholding Group Inc. (NYSE:OSG) or Keystone Shipping Co. and operated in the U.S. Jones Act market.
Read more at prnewswire.comProvided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.