Search results for: APSI

1784 results

A list of search results

  • 8 November 2013
    Business & Finance

    Aker Philadelphia Shipyard, Inc. (APSI), and Crowley Maritime Corporation have completed definitive documentation and satisfied the closing conditions for the joint venture related to the operation and chartering of at least four product tankers. The transaction was originally announced on August 9, 2013. The agreements include binding shipbuilding contracts for the first four product tankers, […]

  • 22 September 2015
    Business & Finance

    U.S. shipbuilder Aker Philadelphia Shipyard, Inc. (APSI) has concluded the buy-out agreement with a subsidiary of Marathon Petroleum Corporation (MPC) for APSI’s interest in its joint venture with Crowley Maritime Corporation related to the operation and chartering of four 50,000 dwt product tankers. The transaction is based on an enterprise value of USD 150 million per […]

  • 8 November 2013

    Aker Philadelphia Shipyard, Inc. (APSI), and Crowley Maritime Corporation have completed definitive documentation and satisfied the closing conditions for the joint venture related to the operation and chartering of at least four product tankers. The transaction was originally announced on August 9, 2013. The agreements include binding shipbuilding contracts for the first four product tankers, […]

  • 20 January 2014
    Business & Finance

    Aker Philadelphia Shipyard ASA announced today that the commitment letter between its wholly owned U.S. subsidiary, Aker Philadelphia Shipyard, Inc. (APSI) and a group of private lenders that was announced on 14 November 2013 has expired. This commitment had been for a secured term loan of $65 million with a variable interest rate of LIBOR […]

  • 22 September 2015
    Business & Finance

    U.S. shipbuilder Aker Philadelphia Shipyard, Inc. (APSI) has concluded the buy-out agreement with a subsidiary of Marathon Petroleum Corporation (MPC) for APSI’s interest in its joint venture with Crowley Maritime Corporation related to the operation and chartering of four 50,000 dwt product tankers. The transaction is based on an enterprise value of USD 150 million per […]

  • 20 January 2014

    The commitment letter between Aker Philadelphia Shipyard, Inc. (APSI) and a group of private lenders that was announced on 14 November 2013 has expired. This commitment had been for a secured term loan of $65 million with a variable interest rate of LIBOR plus 7.00%. This loan will not be closed. The previously announced commitments […]

  • 7 January 2014
    Business & Finance

    Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA, began production activities yesterday on the first product tanker that it is building for its joint venture with Crowley. Crowley and APSI have signed contracts for the first four tankers, with a total contract value of approximately $500 million. A small […]

  • 13 February 2014

    Aker Philadelphia Shipyard, Inc. (APSI) has released the following update regarding an incident that occurred early morning on 12th February at its facility. At approximately 6:50am, maintenance was being performed on the shipyard’s gantry crane when an electrical fault occurred. Following protocol, NAVSES and the Philadelphia Fire Department responded. One employee, who is now in […]

  • 7 January 2014

    Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA, launched production activities yesterday on the first product tanker that it is building for its joint venture with Crowley. Crowley and APSI have signed contracts for the first four tankers, with a total contract value of approximately $500 million. A small […]

  • 4 February 2015
    Business & Finance

    The U.S.-based Aker Philadelphia Shipyard, Inc., (APSI), the sole operating subsidiary of Oslo-listed Aker Philadelphia Shipyard ASA, has ratified a new four year collective bargaining agreement with the Philadelphia Metal Trades Council (PMTC). PMTC is the exclusive bargaining representative for production and maintenance employees at APSI consisting of ten unions. Mike Giantomaso, Aker Philadelphia Shipyard Vice President […]

  • 1 October 2015
    Vessels

    Aker Philadelphia Shipyard informed it has delivered the Ohio, the first of four 50,000 dwt product tankers that it is building for Crowley Maritime Corporation.

  • 7 November 2013
    Business & Finance

    Aker Philadelphia Shipyard ASA announces that its wholly-owned U.S. subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), has been selected by Matson Navigation Company (Matson) to construct two 3,600 TEU containerships. Firm contracts are in place for the two vessels with a total value of $418 million. The vessels will be delivered in Q3 and Q4 2018 […]

  • 20 June 2014
    Business & Finance

    Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA (AKPS), has delivered the first of two aframax tankers to SeaRiver Maritime, Inc., Exxon Mobil Corporation’s U.S. marine affiliate. The 250-metre long, 115,000 dwt tanker will transport up to 800,000 barrels of Alaskan North Slope crude oil from Prince William Sound, Alaska to […]

  • 7 January 2014

    Aker Philadelphia Shipyard (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA, began production activities on Monday on the first product tanker that it is building for its joint venture with Crowley. Crowley and APSI have signed contracts for the first four tankers, with a total contract value of approximately $500 million. A small […]

  • 18 October 2012
    Business & Finance

    Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA, held a ceremonial keel laying today for the first of two Aframax tankers that it is building for SeaRiver Maritime, Inc. (SeaRiver), Exxon Mobil Corporation’s U.S. marine affiliate. The construction of the two tankers, valued at $400 million, will create more […]

  • 17 March 2015
    Business & Finance

    Oslo-listed Aker Philadelphia Shipyard ASA (AKPS) has, through its wholly-owned U.S. subsidiary Aker Philadelphia Shipyard, Inc. (APSI), executed definitive documentation with PIDC Regional Center for a loan of up to USD 60 million to finance its joint venture tanker deal with Crowley Maritime.  The loan is secured by a lien on the company’s interests in Hulls 021-024, which are the […]

  • 21 September 2015
    Business & Finance

    Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA, held a ceremonial keel laying for the fourth of four product tankers that it is building with Crowley Maritime Corporation (Crowley).   The next generation 50,000 dwt product tankers are based on a Hyundai Mipo Dockyards (HMD) design which incorporates numerous […]

  • 21 September 2015
    Business & Finance

    Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA, held a ceremonial keel laying for the fourth of four product tankers that it is building with Crowley Maritime Corporation (Crowley).   The next generation 50,000 dwt product tankers are based on a Hyundai Mipo Dockyards (HMD) design which incorporates numerous […]

  • 19 November 2013
    Business & Finance

    Aker Philadelphia Shipyard, Inc. (APSI) held a ceremonial keel laying yesterday for the second of two Aframax tankers that it is building for SeaRiver Maritime, Inc. (SeaRiver), Exxon Mobil Corporation’s U.S. marine affiliate. When completed in 2014, the Liberty Class vessels will be 820 feet long and be capable of carrying 115,000 tons of crude […]

  • 16 March 2015
    Business & Finance

    Aker Philadelphia Shipyard, Inc. (APSI) has delivered its second Aframax tanker to SeaRiver Maritime, Exxon Mobil Corporation’s U.S. marine affiliate. The 820 foot long, 115,000 deadweight ton tanker will transport up to 800,000 barrels of Alaskan North Slope crude oil from Prince William Sound, Alaska to the U.S. West Coast. The vessel is equipped with […]

  • 1 October 2015
    Business & Finance

    Crowley Maritime Corp. took delivery of Ohio, the first of four new, Jones Act, product tankers on September 30 from Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA. The 600-foot tanker has a carrying capacity of 14.5 million gallons of crude oil or refined products. The new 50,000 dwt […]

  • 9 August 2013
    Business & Finance

    Aker Philadelphia Shipyard ASA announces that its wholly-owned subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), and Crowley Maritime Corporation are expanding the cooperation initiated with the sale and delivery of two product tankers in 2012 and 2013. The expanded partnership includes four new product tankers with deliveries in 2015 and 2016, with the possibility to build […]