American Shipping Company
American Shipping Company ASA, through wholly owned U.S. subsidiaries, will own and bareboat charter out vessels for operation in the U.S. Jones Act market.
American Shipping Company ASA (OSE: AMSC), formerly known as Aker American Shipping ASA, is a Norwegian-American shipping and shipyard company and part of the Aker Group. Aker ASA originally owned 53.2% of the company, and in 2008 reduced its ownership share to 19.9%.
The company is listed on the Oslo Stock Exchange and is headquartered in Oslo, Norway. It was reported in November 2007 that the company has approximately 1,300 employees.
Overview
American Shipping Company consists of the shipyard, Aker Philadelphia Shipyard, and the shipping company, American Shipping Corporation (ASC). Aker American Shipping builds merchant vessels for companies operating under the Jones Act, and through its subsidiaries, owns and leases those ships as well.
The Jones Act requires all water transport between US ports to be operated by US-flag ships and requires US-flag ships to be built in US shipyards, owned by US citizens, and operated by an American crew.
History
Aker Philadelphia Shipyard, originally Kværner Philadelphia Shipyard, began as a product of a partnership of public and private investments used to rebuild and convert 110 acres (0.45 km2) of the former Philadelphia Naval Shipyard, which was closed in 1995. After the acquisition of Kværner, Aker took ownership of the yard.
In 2006, Aker Philadelphia Shipyard delivered the final vessel in a four-ship series of containerships to Matson Navigation Company.
“American Shipping Company” enters the record as american Shipping Company ASA, through wholly owned U.S. subsidiaries, will own and bareboat charter out vessels for operation in the U.S. Jones Act market. Crown Archives preserves that source wording while asking what American, Shipping and Company can confirm, complicate or overturn.
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Contemporary correspondence, administrative files and participant testimony can test how later narratives organized the event or institution. The source revision retrieved here is dated Sep 2, 2026. The linked authority identifier is Q4700627. VIAF identifies the subject as 2653149368792085980006. 1 of 5 selected statements include explicit references; 3 carry qualifiers and 1 use preferred rank. The first chronological checks are 2008, 2007, 1995 and 2006.
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This entry incorporates text from “American Shipping Company” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.