Carriers

Norwegian carrier sells its US fleet for almost USD 750 million

The Maritime Partners fund pays USD 747m for a fleet of Jones Act tankers from US shipping company AMSC.
The Port of Houston is a hub for US oil production. The vessel in the image is not related to AMSC's Jones Act fleet. | Photo: Loren Elliott/Reuters/Ritzau Scanpix
The Port of Houston is a hub for US oil production. The vessel in the image is not related to AMSC's Jones Act fleet. | Photo: Loren Elliott/Reuters/Ritzau Scanpix
by DANIEL LOGAN BERG-MUNCH

American Shipping Company (AMSC) is selling its fleet of ten Jones Act tankers to a newly created fund controlled by Maritime Partners.

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