AMSC is sitting on a nice chunk of cash to invest further in the offshore vessel space.
The Oslo-listed company reported a profit of $3m for the quarter with $22.1m in cash before the sale of its Jones Act fleet closed in October, earning it $249m.
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AMSC trumpets cash pile after ‘transformative’ months sees company turn to offshore
AMSC went from a Jones Act tanker owner over the summer to a player in the offshore space by the autumn
21 November 2023 8:16 GMT
Updated
21 November 2023 9:04 GMT
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in
Oslo
