Oslo-listed product tanker owner American Shipping Co (ASMC) is paying out more in dividends after its big refinancing push.
The company said it is increasing the payout by 25% to $0.10 per share for the second quarter, backed by increased free cash flow.
AMSC, which charters its 10 ships to US Jones Act player Overseas Shipholding Group (OSG), closed on $505m of bank and bond debt refinancing in the period.
