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Kvaerner Philadelphia Places $60 Million Worth Of Supply Orders

Kvaerner Philadelphia Shipyard, part of the Anglo-Norwegian engineering and construction group, to date, has placed supply orders for nearly $60 million with local and regional businesses in and around Philadelphia for ship construction materials and services. Additional amounts are spent regularly with local suppliers to support the shipyard's daily operations. "This is evidence that the promises made to tax-payers in 1998 are now starting to have a real impact in the community," said Ron McAlear, newly appointed President & CEO of the Kvaerner Philadelphia Shipyard. "We're in the process of establishing a strong supplier network that can service the yard in the years to come. Work on the construction of the yards' first ship - a container vessel - started at the end of March this year. The first ship is being built by Kvaerner for later sale into the market place and will also be used as an extension of the employee training program. Construction and development work of the yard now nears completion and the facility currently employs a total staff of 400.

MARAD Approves Title XI Funding Containerships

The U.S. Maritime Administration (MARAD) issued a Bulletin announcing that it has approved Title XI funding for two U.S.-flag containerships. The ships are will be built in the Kvaerner Philadelphia Shipyard for Matson Navigation Company.

Kvaerner Makes Commitment to Philadelphia Shipyard

Even if Kvaerner Group is unsuccessful in selling its Philadelphia operation, Europe's largest shipbuilder does not plan to leave the shipyard high and dry. The firm announced it will sell or close its 13 shipyards around the world due to low profits, but would try to find a buyer for the Philadelphia shipyard. If a buyer is not found, "then Kvaerner must continue," said Harald Rafdal, CEO of Kvaerner Philadelphia Inc

History Repeats Itself In the “City of Brotherly Love”

A new development within the realm of U.S. Shipbuilding — the new Kvaerner Philadelphia Shipyard (KPSI) is poised to be one of the most efficiently outfitted commercial shipyards in the world. The shipbuilding company, which occupies approximately 114 acres on what used to be the Philadelphia Naval Shipyard, utilizes a section of the former Naval yard, which was closed down in 1996 by the U.S. Government due to lack of funds

Kvaerner Drops Plan To Dump Shipyards

Kvaerner ASA has postponed a planned sale of its Masa-Yards Finnish shipbuilding unit in a new setback to its goal of exiting shipbuilding. Kvaerner said it had failed to find a right buyer for Masa-Yards, which specializes in building cruise ships and has an order reserve of $2.6 billion, and would instead concentrate on raising the unit's profitability. "Talks (about a sale of Masa) have not led to a satisfactory agreement," the company said in a statement

Kvaerner and Aker Join Forces in Shipbuilding

Kvaerner announced that it has agreed with Aker RGI Holding to establish a jointly owned shipbuilding management company. Together, the two groups own 12 shipyards in Europe, and one in the USA and Brazil. These yards have a total of some 13,500 employees with combined revenues of $2.2 billion. Kvaerner and RGI have on a number of previous occasions stated the intention to merge their respective shipbuilding operations in the future

Andrew E. Gibson: A Life Dedicated To Maritime

Andrew Edward Gibson died on July 8, 2001, at the age of 79 in Short Hills, New Jersey. His final decade, after a life of notably active achievements, had been primarily devoted to scholarship, at the Naval War College where he taught, and in work with Kings Point Professor Arthur Donovan, in the preparation of a history of United States maritime policy, published in 1999 as The Abandoned Ocean, and of a to-be-published history of containerization.

New Repair Yard to Set up Shop in Philly

Reports indicate that a company that has repaired cruise ships plans to set up a second operation in Philadelphia. The new shipyard will be called PennShip Service. Under an agreement, PennShip will lease the site next to the Aker Philadelphia Shipyard. The sites are part of the former Philadelphia Naval Shipyard, which closed in 1996. Source: AP

Aker Philadelphia Shipyard, 10th Tanker

Aker Philadelphia Shipyard (Oslo:AKPS), a leading U.S. commercial shipyard, cut steel on Hull 014, the tenth product tanker in the series of twelve to be built for American Shipping Company (Oslo:AMSC). Production of this vessel begins a few days after the successful delivery of Hull 010, the Overseas Boston. A small ceremony was held this afternoon to commence production and was attended by representatives of Aker Philadelphia Shipyard, OSG

Pemamek Wins Contract


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 increase the shipyard’s productivity and therefore improve Aker Philadelphia Shipyards positioning at the market. Additionally, Pemamek Ltd contracted a yearly maintenance contract for the equipment and software for fully support in periodical

Philadelphia Express Assist Distressed Cuban Rafters

Crowley-Managed Philadelphia Express Provides Assistance to Distressed Cuban Rafters near Key West

  The Crowley-managed, Philadelphia Express – a 3,237 TEU container ship ­– recently provided assistance to nine Cubans on a makeshift raft adrift near Key West, Fla.   As the vessel was steaming from Houston, Texas to Savannah, Ga

Containership Aids Distressed Cuban Rafters

Philadelphia Express (Photo: Crowley)

The Crowley-managed, Philadelphia Express – a 3,237 TEU containership – recently provided assistance to nine Cubans on a makeshift raft adrift near Key West, Fla. As the vessel was steaming from Houston, Texas to Savannah, Ga., crewmembers spotted the floating object with people aboard

Aker ASA Equity Holdings Restructured

Aker Philadelphia Shipyard

  Aker ASA has on 30 September 2015 transferred its equity holdings in Converto Capital Fund AS to Aker Capital AS, a wholly-owned subsidiary of Aker. As per 30 September 2015, Converto Capital Fund AS directly held 7,237,631 of the issued shares and votes in Aker Philadelphia Shipyard ASA

Crowley Acquires Jones Act Tankers

Crowley Takes Delivery of First of Four New, Jones Act Tankers from Aker Philadelphia Shipyard

  Crowley Maritime Corp. took delivery of Ohio, the first of four new, Jones Act, product tankers this week from Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA. The delivery is momentous not only for Crowley

Kvaerner, KBR JV wins Johan Sverdrup Deal

Illustration of the Johan Sverdrup utility and living quarter platform. You can download a larger version from the link in the right-hand column.

  Kvaerner in a joint venture with KBR has signed a contract with Statoil for the complete delivery of the platform topside to the Johan Sverdrup field development. The agreement to deliver the deck for the utility and living quarter (ULQ) platform comes after a tough international

Fuel-saving Upgrades for 11 Odfjell Tankers

M/T Bow Firda, delivered in 2003, was the last and most advanced chemical tanker in Odfjell’s 37,500 dwt Kværner Class. It is powered by an MAN B&W 7S50ME-C main engine driving a MAN Alpha VBS1560 propeller and shaft alternator (Photo: MAN Diesel & Turbo)

Upgrade packages ordered for Odfjell Tankers fuel-saving upgrade package with Kappel technology to optimize propulsion efficiency and lower fuel consumption of 11 vessels   MAN Diesel & Turbo’s Propeller & Aft Ship organization has won an order to retrofit and upgrade a series

Safety Zone at Delaware Bay

Delaware Bay

The U.S. Coast Guard Sector Delaware Bay is alerting mariners of a safety zone to mitigate the risks associated with the Tall Ships Philadelphia Camden 2015 Parade of Sail. The safety zone is effective 2:00 p.m. to 6:00 p.m. on June 25, 2015.

Aker Philadelphia Appoints New CFO

Photo: Aker Philadelphia Shipyard

  Aker Philadelphia Shipyard ASA has appointed Jan Ivar Nielsen as Chief Financial Officer effective September 2015. Since 2009, Nielsen has held the position of CFO of VARD Holdings, a publicly listed global designer and builder of offshore and specialized vessels with 10 facilities

Kværner Reports Robust Performance


  Growing order intake and activity level in a challenging market. Kvaerner's order intake in the second quarter was NOK 5 674 million, an increase from NOK 5 360 million in the same quarter last year. The company has also continued the high activity level with revenues for the quarter of

Røkke is CEO of Akastor ASA

Kristian Rokke

Akastor ASA announced that its Board of Directors has appointed Kristian Røkke as its Chief Executive Officer. Mr. Røkke will succeed Frank O. Reite, who will take the position of Chief Financial Officer at Aker ASA. Kristian Røkke

Aker Philadelphia Shipyard is Philly Shipyard Now

Photo by Aker Philadelphia Shipyard Inc

 Aker Philadelphia Shipyard ASA announces its plan to change its name to Philly Shipyard ASA, pending an upcoming shareholder vote at an extraordinary general meeting expected to take place in October 2015. Aker Philadelphia Shipyard, Inc

Kværner ASA in Board Changes

Trine Sæther Romuld, Director

Trine Sæther Romuld has informed Kværner ASA that she resigns from her position as non-executive Director and Chair of the Board's Audit Committee of the Company with immediate effect. This is due to change in employment to a position without opportunity to hold directorships.

Kinder Morgan Buys Four Newbuilding Resales

Photo Aker Philadelphia Shipyard

  Kinder Morgan, Inc. is expanding its growing fleet of Jones Act product tankers having signed a definitive agreement valued at an all-in price of $568 million with Philly Tankers LLC to take assignment of contracts for the construction of four, new 50,000-deadweight-ton

Kværner Verdal AS Selects AVEVA Bocad

Photo: AVEVA

Press release - Kværner Verdal AS has selected AVEVA Bocad Steel and AVEVA Bocad Offshore for use at its design and fabrication yard in Verdal, Norway. Kværner required a specialized structural steel design solution that provided out-of-the box functionality and powerful integration

Aker to Sell Product Tanker JV Interest

Aker Philadelphia Shipyard

  Aker Philadelphia Shipyard ASA announced today that its wholly-owned U.S. subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), has entered into definitive agreements with a subsidiary of Marathon Petroleum Corporation (MPC) for the buy-out of APSI's interest in its joint venture with

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