Aker American Shipping Raises $80m

Tuesday, January 29, 2008
Aker unit Aker American Shipping said it has raised gross proceeds of $80m via a book-building exercise in subsidiary Aker Philadelphia Shipyard. The proceeds will be used to fund the group's shipbuilding program, it said. Aker American Shipping has a flexible option agreement for 13 vessels, and it said this will 'provide the platform for ambitious growth plans in the future'.

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