Search results for: Philly Shipyard

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  • 17 February 2017
    Business & Finance

    2016 has brought better financial fortunes for US-based shipbuilder Philly Shipyard, whose profit rose to USD 38.7 million from USD 17.4 million seen in 2015.  In 2016, the company’s operating revenues stood at USD 233.6 million, against USD 307 million in 2015. Revenues and other income were primarily driven by the delivery of American Endurance, […]

  • 17 July 2018
    Business & Finance

    Philly Shipyard seems to have broken the dry spell with new MR order.

  • 16 February 2018
    Business & Finance

    Philly Shipyard achieved record high revenues and profits in 2017.

  • 1 December 2016
    Vessels

    Philly Shipyard, the U.S. unit of Philly Shipyard ASA, on Wednesday said it has delivered the first LNG-ready product tanker to American Petroleum Tankers, a unit of Kinder Morgan.

  • 21 November 2017
    Vessels

    Philly Shipyard, the U.S. unit of Philly Shipyard ASA delivered the American Pride, the last of four LNG-ready to American Petroleum Tankers, a Kinder Morgan unit. 

  • 30 March 2017
    Vessels

    Philly Shipyard, the U.S. unit of Philly Shipyard ASA on Wednesday said it has delivered the second LNG-ready product tanker for American Petroleum Tankers (APT), a Kinder Morgan unit.

  • 12 June 2017
    Vessels

    Philly Shipyard, the U.S. unit of Philly Shipyard ASA, has begun construction of a new fleet of LNG-ready containerships for the US-Hawaii trade route. The first pair of ships is expected to be delivered during the year of 2020 while the second pair is to follow a year later, according to a Philly Shipyard statement. Philly Shipyard […]

  • 23 March 2016
    Business & Finance

    U.S. shipbuilder Philly Shipyard, formerly known as Aker Philadelphia Shipyard, reported a net income of USD 17.4 million, a slight increase from a net income of USD 13.6 million seen in 2014. During the year the company’s operating revenues reached USD 286.3 million, mainly due to continued progress on SeaRiver and Crowley projects, compared to 2014 operating revenues of USD […]

  • 13 January 2017
    Vessels

    Philly Shipyard, the U.S. unit of Philly Shipyard ASA, on Thursday, held a keel laying ceremony for the fourth LNG-ready product tanker for American Petroleum Tankers (APT), a unit of Kinder Morgan.

  • 28 January 2016
    Vessels

    Philly Shipyard informed it held the keel laying ceremony for the first LNG-ready product tanker for American Petroleum Tankers (APT), a Kinder Morgan subsidiary.

  • 30 December 2015
    Business & Finance

    Philly Shipyard, the sole operating subsidiary of Philly Shipyard ASA, has signed a commitment letter with Caterpillar Financial Services Corporation (Cat Financial) for a USD 150 million loan facility to finance the construction of four next generation 50,000 dwt product tankers. The facility will be subject to a maximum borrowing amount of USD 75 million […]

  • 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 […]

  • 18 July 2017
    Business & Finance

    Oslo-listed Philly Shipyard ASA recorded USD 19.4 million in net income for the first half of the year, considerably up from last year’s USD 7.4 million. However, net income for the second quarter reached USD 2.2 million, down from corresponding USD 5.4 million. Operating revenues for the second quarter and the first half of 2017 […]

  • 7 November 2018
    Business & Finance

    Philly Shipyard cancelled two newbuilds for TOTE Maritime.

  • 28 January 2016
    Business & Finance

    Philly Shipyard, Inc. (PSINC) has laid the keel for the first product tanker in a four vessel order for American Petroleum Tankers (APT), a Kinder Morgan subsidiary. When completed at the end of this year, the vessel will be 600 feet long and capable of carrying 50,000 tons of crude oil or refined petroleum products. “Today […]

  • 29 March 2019
    Vessels

    Philly Shipyard (PSI), the unit of Philly Shipyard ASA, delivered the second dual-fuel Aloha Class containership, Kaimana Hila, to Matson Navigation Company.

  • 24 July 2017
    Business & Finance

    Philly Shipyard, a wholly- owned subsidiary of Philly Shipyard ASA, has entered into a Letter of Intent (LOI) with an unnamed blue chip U.S. shipping operating company for the construction and sale of up to four new containerships. As disclosed, the LOI comes on the heels of advanced talks between the parties Philly Shipyards already […]

  • 8 May 2018
    Business & Finance

    Philly Shipyard laid off around 10 percent of its employees in the first quarter of 2018.

  • 19 May 2016
    Vessels

    Philly Shipyard, the U.S. unit of Philly Shipyard ASA, said it held a keel laying ceremony for the second LNG-ready product tanker in a four vessel order for American Petroleum Tankers (APT), a subsidiary of Kinder Morgan.

  • 29 January 2018
    Project & Tenders, Vessels

    Philly Shipyard, the U.S. unit of Philly Shipyard ASA, said it will not extend its letter of intent signed with TOTE for the construction of four LNG-ready containerships.

  • 27 July 2017
    Vessels

    Philly Shipyard, the U.S. unit of Philly Shipyard ASA, delivered the American Liberty, the third of four LNG-ready product tankers it is building for American Petroleum Tankers (APT), a Kinder Morgan unit. 

  • 1 December 2016
    Business & Finance

    US-based Philly Shipyard (PSI) has delivered the American Endurance, the first of four 50,000 dwt product tankers being built for American Petroleum Tankers (APT), a subsidiary of Kinder Morgan. The American Endurance is part of a USD 568 million agreement signed between Kinder Morgan and Philly Tankers in August 2015. Under the agreement, Kinder Morgan said […]