American Shipping Company (AMSC) is set to reap the benefits of a busier US Jones Act tanker market.
CEO Pal Lothe Magnussen said: "We are encouraged to see significant chartering activity in the Jones Act tanker market during the last few months, leaving very limited shipping capacity available until the end of 2020.
"New time charter contracts are done at higher levels than last year and for longer durations, signalling a continued strengthening in the market."
