Oslo-listed American Shipping Company (AMSC) is expecting big things from its new $157m offshore construction vessel (OCV).

The owner of 10 Jones Act product tankers diversified into the offshore arena earlier this year in a deal that saw it acquire the 178-loa Normand Maximus (built 2016) and lease it back to operator Solstad Offshore.

Now the company has revealed more details about the transaction in a presentation to investors.