Search results for: Aker Philadelphia

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  • 22 August 2012

    Pemamek Oy Ltd was recently awarded a contract of Aker Philadelphia Shipyard, construction and delivery of a micro panel line. Commissioning in early 2013, the new modern micro panel line replaces the existing one. This new line will substantially increase shipyard’s productivity and therefore improve outstandingly Aker Philadelphia Shipyards positioning at the market. Additionally, Pemamek […]

  • 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 […]

  • 2 June 2011

    Aker Philadelphia Shipyard, Inc., the sole operating subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), has entered into a loan agreement with Caterpillar Financial Services Corporation (Cat Financial) for a construction loan facility and contingent floorplan loan facility totaling USD 80 million. Under the agreement, Cat Financial will fund up to USD 40 million per […]

  • 1 May 2011

      Aker Philadelphia Shipyard, a leading U.S. commercial shipyard, delivered to American Shipping Company the shipyard’s twelfth Veteran Class MT-46 product tanker. The 46,000 dwt vessel, named the Overseas Tampa, will leave the shipyard in the coming days under the operation of Overseas Shipping Group (OSG) to transport petroleum products. The on schedule delivery of […]

  • 26 July 2011

    Aker Philadelphia Shipyard ASA announced today that its sole operating subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), has signed a Letter of Intent with SeaRiver Maritime, Inc. (SeaRiver), Exxon Mobil Corporation’s U.S. marine affiliate, for the construction of two aframax tankers. The 820 foot long, 115,000 deadweight ton tankers are intended to be used to transport […]

  • 25 October 2011
    Business & Finance

    Aker Philadelphia Shipyard​, a leading U.S. commercial shipyard, held a ceremonial keel laying this morning for Ship 017, the 13th product tanker being built at the yard. Following long held shipbuilding tradition, coins were placed on one of the keel blocks that support the vessel during construction before the section of the ship was lowered […]

  • 25 October 2011

    Aker Philadelphia Shipyard, a leading U.S. commercial shipyard, held a ceremonial keel laying this morning for Ship 017, the 13th product tanker being built at the yard. Following long held shipbuilding tradition, coins were placed on one of the keel blocks that support the vessel during construction before the section of the ship was lowered […]

  • 20 December 2012
    Business & Finance

    Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA, began production activities yesterday on the second 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 than 1,000 […]

  • 26 July 2011
    Business & Finance

    Aker Philadelphia Shipyard ASA announced today that its sole operating subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), has signed a Letter of Intent with SeaRiver Maritime, Inc. (SeaRiver), Exxon Mobil Corporation’s U.S. marine affiliate, for the construction of two aframax tankers. The 820 foot long, 115,000 deadweight ton tankers are intended to be used to transport […]

  • 3 April 2012
    Business & Finance

    Aker Philadelphia Shipyard, a leading U.S. commercial shipyard, held a ceremonial keel laying yesterday morning for Ship 018, the 14th product tanker being built at the yard. Following long held shipbuilding tradition, coins were placed on one of the keel blocks that support the vessel during construction before the section of the ship was lowered […]

  • 22 August 2012

    Pemamek Oy Ltd was recently awarded a contract of Aker Philadelphia Shipyard, construction and delivery of a micro panel line. Commissioning in early 2013, the new modern micro panel line replaces the existing one. This new line will substantially increase shipyard’s productivity and therefore improve outstandingly Aker Philadelphia Shipyards positioning at the market. Additionally, Pemamek […]

  • 21 August 2012
    Business & Finance

    Aker Philadelphia Shipyard ASA has announced that certain wholly owned subsidiaries of AKPS and Crowley Petroleum Services, Inc. (CPS) have entered into binding agreements which will result in the sale of two product tankers by Aker Philadelphia Shipyard, Inc. (APSI) to Crowley Tankers, LLC (CT). These vessels are designated as APSI Hulls 017 and 018. […]

  • 16 July 2015
    Business & Finance

    Oslo-listed Aker Philadelphia Shipyard ASA has revealed plan to divest its portfolio of shipping assets, drawing an end to a build-up of investments as a partial owner in eight Jones Act product tankers with an approximate contract value of USD 1 billion. The divestment coincides with the name change to Philly Shipyard ASA, pending an upcoming shareholder vote […]

  • 16 July 2015
    Business & Finance

    Oslo-listed Aker Philadelphia Shipyard ASA has revealed plan to divest its portfolio of shipping assets, drawing an end to a build-up of investments as a partial owner in eight Jones Act product tankers with an approximate contract value of USD 1 billion. The divestment coincides with the name change to Philly Shipyard ASA, pending an upcoming shareholder vote […]

  • 8 March 2012
    Business & Finance

    Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA, began production activities today on the first of two Aframax tankers that it will build for SeaRiver Maritime, Inc. (SeaRiver), Exxon Mobil Corporation’s U.S. marine affiliate. When completed in 2014, the vessels will be 820 feet long and be capable of […]

  • 1 February 2013
    Business & Finance

    Aker Philadelphia Shipyard ASA, a leading U.S. commercial shipyard, has delivered to Crowley their second Veteran Class MT-46 product tanker. It is the fourteenth product tanker that the shipyard has completed and the eighteenth vessel overall. Crowley took delivery of the sistership, the Pennsylvania, in August 2012. The product tankers are 600 feet long and […]

  • 18 October 2012

    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 […]

  • 3 April 2012

    Aker Philadelphia Shipyard, a leading U.S. commercial shipyard, held a ceremonial keel laying yesterday for Ship 018, the 14th product tanker being built at the yard. Following long held shipbuilding tradition, coins were placed on one of the keel blocks that support the vessel during construction before the section of the ship was lowered into […]

  • 24 December 2014
    Vessels

    Aker Philadelphia Shipyard held a keel laying ceremony for the second and began construction on its fourth LNG-ready product tanker for the JV with Crowley.

  • 20 December 2012

    Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA, began production activities today on the second 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 than 1,000 […]

  • 21 August 2012

    Aker Philadelphia Shipyard ASA has announced that certain wholly owned subsidiaries of AKPS and Crowley Petroleum Services, Inc. (CPS) have entered into binding agreements which will result in the sale of two product tankers by Aker Philadelphia Shipyard, Inc. (APSI) to Crowley Tankers, LLC (CT). These vessels are designated as APSI Hulls 017 and 018. […]

  • 21 September 2015
    Vessels

    Aker Philadelphia Shipyard held a keel laying ceremony for the fourth of four LNG-ready product tankers that it is building with Crowley Maritime Corporation.