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Aker American

Aker American Shipping Signs Agreement With Hyundai Mipo

Aker American Shipping has, through its subsidiary Aker Philadelphia Shipyard, Inc., signed an agreement with Hyundai Mipo Dockyard Co. Ltd. extending the current relationship to include additional tankers as well as containerships. This further solidifies the strong partnership between Aker American Shipping, a leading Jones Act ship owner, and Hyundai Mipo Dockyard, a leading global shipbuilder. Under an agreement signed in 2004, Hyundai Mipo Dockyard (HMD) has been providing design and procurement services for a series of ten 46,000 dwt tankers currently being constructed at Aker American's shipyard in Philadelphia. The new agreement covers an additional six tankers, which mirrors an agreement in principle for additional charters with Overseas Shipholding Group, Inc. (OSG) that Aker American Shipping announced in February 2007, as well as exclusive rights for containerships.


Aker and OSG Announce Agreement for up to Six More Tankers

Aker American Shipping ASA and Overseas Shipholding Group, Inc. announced that they have signed an agreement in principle pursuant to which Aker American Shipping subsidiary, Aker Philadelphia Shipyard, will construct up to six additional Veteran Class MT-46 Jones Act Product Tankers (three fixed plus three options) and transfer them to another subsidiary, American Shipping Corporation, which will bareboat charter them to subsidiaries of OSG for initial terms of 10-15 years.


OSG to Build More Tankers

(Pictured is Overseas Houston) Overseas Shipholding Group, Inc. (OSG), signed an agreement in principle pursuant to which Aker Philadelphia Shipyard, a subsidiary of Aker American Shipping ASA, will build up to six additional Veteran Class MT-46 Jones Act Product Tankers (three fixed plus three options). Once transferred to another Aker subsidiary, American Shipping Corporation, OSG will bareboat charter the vessels for initial terms of 10 to 15 years


AAS to Split?

Aker's Aker American Shipping (AAS) reportedly has decided to split its business into a shipyard and a separate ship-owning company, according to a report on Forbes.com, a move reportedly designed to advance its business prospects in the U.S. Under the plans, American Shipping Corporation will be a vessel-owning subsidiary of AAS, while the shipyard activities will be organized into the newly-established company Aker Philadelphia Shipyard (APS), Forbes.com reported.


Aker RGI Proposes Alternative to Redemption Offer

Aker Maritime previously obliged to postpone the agreed redemption of shares because of objections raised by the French company Coflexip. Aker RGI now offers to buy all the shares in Aker Maritime at the same price as in the redemption offer. In practice this means that the redemption can be carried out in spite of Coflexip's objections. In the original redemption offer the value of the Aker Maritime share was set at NOK 95


Kvaerner, RGI to Establish Joint Ownership for Shipyards

Aker Kvaerner and Aker RGI have entered into an agreement to establish a joint ownership for their wholly owned shipyards in Germany, respectively Kvaerner Warnow Werft and Aker MTW. Among other conditions, the agreement is dependent on approval from Aker Kvaerner's and Aker RGI's lenders. The aim is to implement the new ownership by the end of 2002. Aker Kvaerner will own 40 percent of the two yards. In February Aker Kvaerner and Aker RGI began working closely together in


Contract Signed for SemiSub Platform

Statoil and Aker Kværner has signed the contract worth approximately NOK 8 billion for the semisubmersible platform to be located at the Gjøa field offshore Norway. This is in accordance with the memorandum of understanding presented in Aker Kvaerner's disclosure to the Oslo Stock Exhange at 29 September 2006. The scope of work to be performed by Aker Kvaerner will be detail design of topside and hull, procurement, construction and hook-up of topside, and mating of topside and hull


Aker Kvaerner Deepwater contract for GOM

Chevron, with partner Kerr-McGee, has awarded Aker Kvaerner, Inc. the semisubmersible hull and mooring system contract for their Blind Faith project in the Gulf of Mexico. The contract has a total value of approximately $120 million. Aker Kvaerner's scope of work includes engineering, procurement, construction and transportation. The award is a recognition of the deepwater competence in Aker Kvaerner. The Blind Faith platform to be located in the Mississippi Canyon 650 block


Aker Solutions, IHI Partnership on LNG Terminal

The Aker Solutions and IHI partnership has received a signed Notice of Substantial Completion for Sempra LNG's Cameron LNG liquefied natural gas (LNG) receipt terminal near Lake Charles, La.   The Cameron LNG terminal project combined Aker Solutions' expertise in regasification engineering, construction management, commissioning and start-up with IHI's design and manufacturing knowledge of LNG storage and processing systems.  


Aker Solutions Secures New UK Contract

Aker Solutions has secured a contract for maintenance, modifications and operations work with an undisclosed customer in the UK sector of the North Sea. The two-year contract will guarantee over 180 jobs annually for Aker Solutions in Aberdeen, UK. There are also two optional one-year contract extensions that may be exercised in the future. Aker Solutions estimates the contract value to be approximately £13 million per year


Harbor Breeze Cruises Expands Fleet with AAM Built Catamaran

M/V La Espada (Image: AAM)

All American Marine, Inc. (AAM), together with Harbor Breeze Cruises, has announced the completion and delivery of an aluminum catamaran passenger vessel to operate in the Los Angeles and Long Beach harbors.   The new vessel, M/V La Espada


National Museum of the American Sailor Unveiled

The National Museum of the American Sailor name change signals a shift in vision from a regional focus to one that depicts the diverse history of Sailors who have served in the U.S. Navy. (U.S. Navy photo)

The Great Lakes Naval Museum was officially renamed the National Museum of the American Sailor during a ceremony and sign unveiling at the museum July 4. The Navy's top enlisted Sailor, Master Chief Petty Officer of the Navy (AW/NAC) Mike Stevens, was joined by retired Rear Adm


The American Club Reports Solid Progress in 2015

Arnold Witte (Photo: Donjon Marine)

The American Club reported solid progress during 2015 at the annual meeting of its members held in New York yesterday. Despite a challenging economic climate, the Club’s business developed respectably, and 2016 had started on a positive note.  


Admiral of the Ocean Sea Award Recipients Named

Clockwise (from top left) Arthur E. Imperatore, Christopher Wiernicki, and Donald Marcus, Photo USS

The United Seamen's Service (USS) 2016 Admiral of the Ocean Sea Awards (AOTOS) will be presented to Arthur E. Imperatore, Founder and President of New York Waterways; Donald Marcus, President of the International Organization of Masters, Mates & Pilots; and Christopher Wiernicki


DNV GL Guideline Trashes Unnecessary Subsea Documentation

Subsea closeup illustration screen version Courtesy DNV GL

Customer-case shows potential for a 40% reduction in engineering hours on subsea paperwork, and up to 80% less documentation. A cross-industry project led by DNV GL to halt the boom in subsea documentation shows that implementing a standardized approach can significantly reduce engineering hours


NASSCO Delivers Second ECO Tanker to APT

ECO Class tanker is one of the most fuel-efficient and environmentally friendly tankers in the world Photo NASSCO

On Thursday, May 19, shipbuilders at General Dynamics NASSCO delivered the Magnolia State to longtime customer American Petroleum Tankers (APT). The ECO Class tanker is one of the most fuel-efficient and environmentally friendly tankers in the world and symbolizes the emerging future of green


AWO, Stakeholders 'Barge In' at Capitol Hill

American Waterways Operators discuss U.S. jobs, vessel discharges and national security with members of Congress during annual Barge-In. (PRNewsFoto/American Waterways Operators)

American Tugboat, Towboat and Barge Industry Urged Support for American Jobs, Vessel Discharge Reform, and Waterways Infrastructure.   Members of the American Waterways Operators, the national trade association representing the tugboat, towboat and barge industry


Aker Seeks More Investments - Roekke

Norwegian industrial holding company Aker expects to conduct more acquisitions and other transactions in coming years, the firm's top owner said on Friday. "At Aker, and companies owned by Aker, the transaction activity will probably increase," billionaire investor Kjell Inge Roekke


New System Reduces Risks in Ice Operations

An intelligent ice load monitoring system for the ships operating in ice covered waters will provide the operators a tool to handle the ships in safe but efficient ways.    The state of the art system will monitor the hull loads with optical sensors installed on the steel structures of


AMP Honors Senator Mazie Hirono

2016 Champion of Maritime award recipient Sen. Mazie Hirono(D-HI) Photo AMP

The American Maritime Partnership (AMP), the voice of the domestic maritime industry, today recognized U.S. Sen. Mazie Hirono (D-HI) with the 2016 Champion of Maritime Award. Sen. Hirono is honored for her long-standing support and commitment to the men and women of American Maritime in her work


CMA CGM Benjamin Franklin Inaugrated in Long Beach

Benjamin Franklin (Photo: CMA CGM)

Shipping group CMA CGM announced that the 18,000 TEU capacity CMA CGM Benjamin Franklin, the largest vessel ever to call the United States, will be inaugurated today in Long Beach, Calif. in the presence of Jacques R. Saadé, CMA CGM Chairman and Chief Executive Officer.  


K&L's Gorton Stresses Critical Role of Jones Act

Gorton: “Helping plug a porous border is a benefit of the Jones Act that is far too often overlooked and one that should not be underestimated by any presidential candidate.”   A former member of the 9-11 Commission recently wrote in The Hill that an “often


42 People Rescued after Abandoning Ship off Hawaii

An aircrew from Air Station Barbers Point dropped a dewatering pump and supplies to 42 people who abandoned ship after their fishing vessel caught fire 1,800 miles south of Hawaii. The Hercules crew worked with Fong Seong 888, a Tuvalu-flagged oil tanker, to rescue the crew of the fishing vessel American Eagle. (Screenshot from USCG video courtesy of Air Station Barbers Point)

Forty-two people are safe after abandoning ship approximately 1,800 miles south of the Hawaiian Islands, Thursday, the U.S. Coast Guard reported.   Crewmembers successfully dewatered fishing vessel American Eagle using equipment dropped by an HC-130 Hercules airplane crew from Air Station


Aker Joins Johan Sverdrup Phase 2 Study

Location of Johan Sverdrup field Map by Wikipedia

Aker Solutions will deliver a concept study on a new processing platform for future phases of the Statoil-operated Johan Sverdrup North Sea field, Norway's largest oil find in three decades. The study includes design solutions for a tie-in of the platform and future satellites to the field


Crowley Christens 2nd LNG-ready Product Tanker

Photo: Crowley

Crowley christens second of four newly built, LNG-ready product tankers for use in U.S. coastwise trade   Crowley Maritime Corp. has christened the second of four new Jones Act product tankers yesterday at the South Florida Petroleum Terminal (The Public Dock) in Fort Lauderdale, Fla






 
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