Peter D. Knudsen, board member of American Shipping Company ASA ("AMSC" or the
"Company"), has today acquired 3,000 shares in AMSC through the company Vilja
AS. The price per share was NOK 32.90, which implies a total consideration of
NOK 98,700. Following the transaction, Vilja AS holds a total of 8,000 shares in
AMSC, constituting approximately 0.013% of the Company's shares and votes.
This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 19 number 3 and the Norwegian Securities
Trading Act section 5-12.