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
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
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
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
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.
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
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
Ecospeed announced it will exhibit its line of fuel and cost saving solutions at SMM in Hamburg. Ecospeed and fuel savings Routine in-water cleaning results in a super smooth hull over the life of the vessel and is the best guarantee of the highest fuel savings possible
The series highlighting the world's most expensive active vessels from online ship intelligence and information service VesselsValue.com focuses this week on the most expensive tanker vessel, which is not a VLCC but a Jones Act aframax. The first-in-class double hull tanker Liberty Bay is an
U.S. Coast Guard crew members from Cape May, N.J., and the Marine Mammal Stranding Center in Brigantine, N.J., rescue an entangled 800-pound endangered leatherback turtle off the coast of South Jersey Saturday, Aug. 9, 2014. Watch as the crew gets in close to remove the entangled fishing gear
Chevron Products Company, a Chevron U.S.A. Inc. division, unveiled a new line of Clarity Synthetic EA Hydraulic and Gear Oils for the marine industry and other applications where leaks or accidental discharge are a concern. These products meet the new EPA Vessel General Permit (VGP) requirements
Reference is made to the open market partial tender offer for up to 650,000 shares of Aker Philadelphia Shipyard ASA announced on 7 August 2014. Pursuant to the offer, only a limited number of shares were tendered to the company
Posted by Joseph Fonseca Engineers at the Naval Ship Systems Engineering Station (NAVSSES), Naval Surface Warfare Center Carderock Division in Philadelphia recently oversaw the installation of dry flexible couplings on the lube oil service pumps and main feed pumps on USS Essex (LHD 2).
Marcon International, Inc. of Coupeville, Washington, says it has sold the U.S. flag ocean-going twin screw tug "Melvin E. Lemmerhirt" to U.S. buyers on a private & confidential basis. The 3,900BHP tug was built in 1973 for Great Lakes Dredge & Dock Co
Aker Philadelphia Shipyard AKPS), a leading U.S. commercial shipyard constructing vessels for operation in the Jones Act market, has on July 25, 2014 purchased 1,465 shares in the Company on Oslo Axess at an average price of NOK 158.68 per share, implying a total consideration of NOK 232
Leighton Holdings announced its results for the six months to 30 June 2014. * Total revenue of $11.9 billion, up on HY13 * EBITDAiii of $843 million. Comparable EBITDAiv of $945 million, up on HY13 * NPAT of $291 million. Underlying NPAT of $319 million, up on HY13
Horizon Shipbuilding, Inc., Bayou La Batre, AL, has delivered the fourth in a series of 74’ towboats to Canal Barge Company, Inc. of New Orleans, LA. The Jane Merrick is 74’ long with a 32’6” beam and an 8’6” draft
Aker Philadelphia Shipyard ASA (the "Company") (Oslo: AKPS) has on 21 July 2014 purchased 2,155 shares in the Company on Oslo Axess at an average price of NOK 160.64 per share with a total consideration of NOK 346,190. Following the transaction, AKPS holds a total of 2
]On July 16, 2014, the Board of Directors of Aker Philadelphia Shipyard ASA (Oslo: AKPS) resolved to pay a dividend to the shareholders of AKPS as of expiry of July 22, 2014, of NOK 1.5 per share, in aggregate NOK 18,862,149. The resolution was made pursuant to an authorization granted
The Board of Directors of Aker Philadelphia Shipyard ASA has resolved to initiate a buyback program for up to 10% of the Company's share capital. The decision reflects the Company's focus on maximizing shareholder returns over time, its strong financial position
Following the announcement of 10 June 2014 by Aker Philadelphia Shipyard ASA (AKPS) Philly Tankers had successfully secured equity commitments necessary to finance the purchase of two product tankers from AKPS with deliveries in 2016 and 2017.
The U.S. Department of Defense informs that Pacific Ship Repair and Fabrication, Inc., San Diego, California, is being awarded a $9,093,866 modification to previously awarded contract N00024-12-C-4400 for repair and modernization of 'USS Shoup' (DDG 86).