Aker group-backed American Shipping is targeting several avenues to grow in the protected Jones Act sector, including taking advantage of fleets up for sale, chief executive Pal Lothe Magnussen tells TradeWinds.

The Oslo-listed tanker owner, which owns 10 ships on bareboat charter to Overseas Shipholding Group, has spent the past year looking at everything from tankers and bulkers to passenger ferries and platform supply vessels, he said.