FastShip, Inc. has reached an agreement with Philadelphia Gear Corporation to supply sophisticated transmission equipment for the company's high-speed trans-Atlantic fleet. The $35 million order is the largest in Philadelphia Gear's 100-year history, bringing more than 100 direct and indirect jobs to the region. Per the agreement, Philadelphia Gear will supply 20 gearboxes - five in each of FastShip's initial four vessels - plus one spare gearbox and additional parts, as well as a 10-year service maintenance package. The gears will help generate power for the vessels equivalent to two and a half times that of a jumbo jet. Philadelphia Gear will also participate in vendor financing of FastShip, which intends to complete its total financing package by year-end 1999. The gearboxes will link the five Rolls-Royce marine Trent engines to Kamewa water jets, delivering a total of 250 Mw or 335,000-hp. This propulsion package will enable the 860 ft. (262 m) vessels, carrying a 10,000-ton payload, to complete the passage from Philadelphia to Cherbourg in less than four days, while sustaining speeds up to 40 knots.
Columbia Coastal Transport has added five additional vessels to its fleet of container barges that provide container feeder and project cargo services. The additional barges, which range in capacity from 112 to 660-teus, were previously owned by Hale Trans of Baltimore, Md. The newly attained barges will be updated with Columbia's specifications, and will be outfitted with new lashing gear and state-of-the-art power packs for transporting reefer cargo
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
Royal Caribbean International will temporarily use the port of Philadelphia for its ship Nordic Empress, to sail to and from Bermuda. The change is being made as a result of Tuesday's terrorist attack in New York, and its impact on activities at the Port of New York. The Royal Caribbean ship Nordic Empress will arrive in the port of Philadelphia on Sunday, September 16, at approximately 7 a.m., at which time the cruise line will have special staff at the port to assist guests with both
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
Port Authority of PA and New Jersey Pennslyvania Governor Edward G. Rendell announced his appointment of John J. Dougherty to the Delaware River Port Authority of Pennsylvania and New Jersey (DRPA). Governor Rendell, DRPA's chairman, appointed Dougherty to a five-year term. DRPA is a regional transportation and economic development agency that serves southeastern Pennsylvania and southern New Jersey. The Authority owns
A South Korean shipbuilder said that it will be building additional tankers and container ships at the old Philadelphia Navy Yard. The parent of Aker Philadelphia Shipyard Inc. said its expanded deal with Hyundai Mipo Dockyard Co. Ltd. covers an additional six tankers as well as exclusive rights for container ships. Under a 2004 deal, Hyundai Mipo has been providing design and procurement services for a series of 10 tankers currently under construction in Philadelphia.
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
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 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
Horizon Shipbuilding, Inc. announced the delivery of another 80’ Inland River Towboat, the M/V Chip Stiebing, to Florida Marine Transporters (FMT) of Mandeville, La. Delivered in March 2015, this is the second 80’ towboat of the three vessel contract with FMT.
On 6 May 2015, the Board of Directors of Aker Philadelphia Shipyard ASA resolved to pay a dividend to the shareholders of AKPS as of expiry of 12 May 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
Comark, a designer and manufacturer of high performance computer and display solutions, will exhibit at the 2015 Intelligent Ships Symposium May 20-22, at the University of Pennsylvania Annenberg Center in Philadelphia. The Intelligent Ships Symposium is a biennial event which provides a
APL introduced a new weekly service aimed to enhance its network coverage in the Americas. The new America Caribbean Express (ACX) service, which links Central America and U.S. East Coast, is operated through a vessel sharing agreement with SeaLand.
Aker Philadelphia Shipyard, Inc. (APSI) has delivered its second Aframax tanker to SeaRiver Maritime, Inc., Exxon Mobil Corporation’s U.S. marine affiliate. The 820 foot long, 115,000 deadweight ton tanker was delivered within the timeframe most recently reported by AKPS and will
Canada plans to spend billions of dollars on new patrol ships, polar satellites, transport upgrade, and winter gear for its troops amid rising demands for the Arctic’s riches. Both the Royal Canadian Navy and the Royal Canadian Air Force are set to receive some major equipment
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.
Kvichak Marine Industries, Inc. was recently awarded a contract for construction of a 60’ aluminum catamaran research vessel for the California Department of Water Resources designed by Incat Crowther, Australia with design guidance and customer representation by Jensen Maritime Consultants
Shipowners that charter out container ships to liner operators are hopeful that 2016 will bring increased demand and higher charter rates for containerships, JoC reports. Sentiment is changing in container shipping where, for the first time in five years
Coast Guard Sector Delaware Bay is investigating a ship aground in the Delaware River near the Burlington Bristol Bridge, which connects Burlington, NJ and Bristol Township, PA. The Liberian-flagged 600-foot bulk carrier, Agia Irini
A 33,044-ton cargo ship ran aground Wednesday in the Delaware River near the Burlington-Bristol Bridge, between Pennsylvania and New Jersey. According to the U.S. Coast Guard, a 600-foot bulk carrier, Agia Irini, was headed southbound when it reportedly lost propulsion and ran
Bristol Harbor Group, Inc. awarded contract for naval architecture and marine engineering services for the United States Army Corps of Engineers (USACE), Marine Design Center Naval architecture and marine engineering firm Bristol Harbor Group, Inc
Search and rescue professionals and media are invited to the 2015 Search and Rescue Workgroup hosted by Coast Guard Sector Field Office Galveston, Texas, on Wednesday. WHO: The Coast Guard and state and local search and rescue agencies
Classification society ClassNK has released its 2015 Rules and Guidance for the Survey and Construction of Steel Ships. The 2015 edition’s amendments, made between March 1, 2014 and December 31, 2014, reflect the latest R&D findings, feedback from damage investigations
Kvichak Marine Industries, Inc, a Vigor Industrial Company, delivered the first of three new Bristol Bay boats. The new, top house design all-aluminum 32’ x 16’ jet propelled gillnetter is a product of the Kvichak design team and is powered by twin Volvo D11 EVEC-E engines