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KVAERNER PHILADELPHIA SHIPYARD

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

ASPI_Yard_aerial_web.jpg

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


Philly Tankers Lines Up Charters

Aker Philadelphia Shipyard

Philly Tankers AS announced today that its wholly owned U.S. subsidiary, Philly Tankers LLC, has entered into binding long-term time charter contracts with a domestic end-user for the two 50,000 dwt product tankers it has on order with Aker Philadelphia Shipyard (AKPS)


Aker Philadelphia to Pay Dividend

Photo courtesy Aker  Philadelphia

The Board of Directors of Aker Philadelphia Shipyard ASA yesterday resolved to pay a dividend to the shareholders of AKPS as of expiry of 3 March 2015, of USD 0.25 per share, in aggregate USD 3,026,975.25. The dividend is classified for accounting purposes as a repayment of previous paid in


AKPS, Crowley JV Secures $ 325 mi Commitment

Courtesy Aker Shipyard

  The joint venture between Aker Philadelphia Shipyard ASA (AKPS) and Crowley has received a firm and fully underwritten commitment from a group of banks and other financial institutions for a USD 325 million senior secured term loan facility.


Aker Philadelphia Shipyard Finalizes $60M Loan

  Aker Philadelphia Shipyard ASA informed that its wholly-owned U.S. subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), has executed definitive documentation with PIDC Regional Center, LP XXXI for a secured term loan of up to USD 60 million.


Keel Laid for Crowley Jones Act Tanker

Photo: Crowley

First of four Crowley tankers celebrated in keel laying ceremony at Aker Shipyard The first of four Crowley Maritime Corp. product tankers was celebrated today in a keel laying ceremony held at Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S


Norfolk Dredging Awarded U.S. ACE Delaware River Contract

Dredging work: File Photo

The US Department of Defense informs that Norfolk Dredging Co., Chesapeake, Virginia, was awarded an $11,787,279 firm-fixed-price contract for maintenance dredging of the inland waterway Delaware River to Chesapeake Bay, Delaware and Maryland.


Shock Test Machine Saves Navy Big Bucks

Welding work: Image courtesy of NSWCCD

The Navy's new Deck Simulator Shock Machine (DSSM) improves shipboard electronics reliability while reducing testing costs as equipment evaluations began in Philadelphia, saving the Navy $75,000 per test, as it meassures the effects of simulated underwater explosions on electronic equipment


Aker Evaluating Future of US Shipyard, ASC

Aker Philadelphia Shipard view: Image courtesy AKPS

Norway's Aker ASA may decide to merge or otherwise restructure two listed units that have seen strong benefits from the U.S. shale oil energy boom, Aker's Converto investment vehicle said in a statement released late on Monday. Converto, the top owner of both Aker Philadelphia Shipyard and


PES to Begin Operating Benzene Terminal in November

Philadelphia Energy Solutions plans to start operating a new benzene offtake terminal next month at its 335,000-barrel-per-day refinery in Philadelphia, two people familiar with the plans said. While most U.S. refiners are either selling benzene or refining it further


Nerbovik Named CEO of Aker Philadelphia

Kristian Rokke

Aker Philadelphia Shipyard ASA announced that its board of directors has appointed Steinar Nerbovik as president and CEO of Aker Philadelphia Shipyard ASA effective today. Nerbovik has served as the company's managing director for the past seven months and was previously the company's senior vice


Aker: 4 Tankers Now Underway at Phila. Shipyard

Aker Philadelphia Shipyard

  Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), celebrated two significant ship milestones this week.  Today, the shipyard held a ceremonial Keel Laying for the second of four product tankers that it is building


Kvaerner, Longview Power Reaches Settlement

  Kvaerner North American Construction Inc. (a subsidiary of Kvaerner) has executed agreements today, with each of Longview Power, LLC, Siemens Energy Inc. and others regarding the disputes between them in both the arbitration proceedings concerning the Longview Project and the subsequent


SeaRiver Names New US-flag Tanker

Eagle Bay, the second of two new U.S.-flag crude oil tankers for Exxon Mobil Corporation’s marine affiliate SeaRiver Maritime, Inc., was named at a ceremony at Aker Philadelphia Shipyard.   The first-in-class vessel constructed at the shipyard incorporates the latest safety


Santa Lucia Back Underway in Delaware Bay

The grounded motor vessel near Miah Maull Shoal in Delaware Bay

  The motor vessel Santa Lucia, which was aground in Delaware Bay, got back underway under its own power at approximately 3 p.m. Tuesday. The Santa Lucia is scheduled to anchor at Big Stone Anchorage for a Coast Guard safety inspection before moving on to its destination of Philadelphia


Aker Philadelphia Shipyard's CBA Ratified

Aker Philadelphia Shipyard

  Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA, announced today that a new four year collective bargaining agreement has been ratified by the Philadelphia Metal Trades Council (PMTC)






 
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