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
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.
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
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
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
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
Crowley Maritime Corp. announced that 65 of its vessels were recently recognized for participation in the Automated Mutual-Assistance Vessel Rescue (AMVER) program, a computer-based voluntary global ship reporting system used worldwide by search and rescue authorities to arrange for assistance to
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
Shawn Calhoun has joined Voith Turbo’s Power, Oil & Gas Division as Vice President of Sales – Oil and Gas, to be based at the company’s new Houston, Texas office with the mission of supporting existing customers and expanding Voith Turbo’s footprint in the oil and gas
The U.S. oil refining industry's association is not opposed to lifting the country's 40-year-old ban on crude exports as long as the move is part of a bigger effort to lower barriers to trade, the group's new head said on Tuesday. "We're not opposed to lifting the export ban
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.
The CMA CGM Group announced that it will launch a new container shipping offering between North America and North Europe at the end of May 2015. The group will expand its existing transatlantic services with the launch of the NEW VESPUCCI service and the addition of a new port of call in
Aker Philadelphia Shipyard ASA announced today that its Chief Financial Officer, Jeffrey Theisen, is resigning from his position later this month to pursue other career opportunities outside of shipbuilding and shipping. Art Whittemore, who was previously CFO of Gamesa USA
Lifting Gear Hire’s (LGH) Kansas City, Mo. warehouse has relocated to a new facility within the city. The new warehouse will help LGH provide faster equipment rental turn-around times for customers in and around the Kansas City area, the company said
U.S. Coast Guard Station Montauk crew holds change of command, retirement ceremonies Crewmembers of U.S. Coast Guard (USCG) Station Montauk held a change of command and retirement ceremony in Montauk, N.Y., Thursday. Capt. Edward J
Caterpillar Marine has announced Cat power solutions have been selected to power 16 new build Patrol Boats for the Republic of Korea Navy (ROKN). Each Patrol Boat will be equipped with two Cat C32 main propulsion diesel engines and two Cat C9 ship service diesel generators
Selection of gear oil for marine thrusters or a stern tube lubricant for use with propeller shaft bearings is often based on analyzing price/performance characteristics of the lubricant and its availability. Now with the implementation of the 2013 Vessel General Permit
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.