Aker Philly Reaches Benchmarks on Tankers

Tuesday, August 28, 2007
With two tanker vessels already delivered on charter and in service to Overseas Shipholding Group, Inc. (OSG), Aker Philadelphia Shipyard, Inc. (APSI) has achieved major milestones on two subsequent vessels in the build program. The third product tanker in the series, Hull 007, has been floated from its berth in the yard's Building Dock, and steel cutting has been initiated for Hull 010, the sixth vessel in the series, marking start of production on that ship.

The yard's massive Building Dock was flooded on Saturday, August 25, lifting Hull 007 off its keel blocks in advance of the ship's move to the nearby Outfitting Dock, where testing and commissioning of the vessel will take place. Like its two predecessors, Hull 007's construction is being financed by a loan facility with Caterpillar Financial Services Corporation(Cat Finance).

When completed later this year, the ship will join its two predecessors in American Shipping Corporation's (ASC) fleet. The series of double-hulled, environmentally friendly product tankers are owned by ASC, a sister company of the yard, and are bareboat chartered to OSG, who in turn time charter the vessels to end users. Two days after floating the third tanker, steel cutting for the sixth vessel in the series commenced on Monday, August 27. The first steel plates were cut on one of the yard's two state-of-the-art plasma cutting machines, and will be used in the construction of engine room sections for Hull 010, the tenth vessel built by the yard since it returned shipbuilding to Philadelphia in 2000. With two other tankers also in production, the yard now once again has four of the 600-foot long MT 46 Veteran Class tanker vessels under construction simultaneously.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Fitch Warning on NordLB Shipping Reduction Plan

Norddeutsche Landesbank Girozentrale's (NORD/LB) strategy to reduce its shipping exposures by EUR4bn-6bn over the next three years makes sense, but will likely encounter high execution risks,

Tideland Signal Acquires Julius Signal

Tideland Signal Corporation, now part of Xylem, has entered into a definitive agreement to acquire certain assets of Julius Signal, extending the company’s portfolio

North P&I Club Repots Positive Financial Performance

North P&I Club reports that an exceptionally low year for claims has helped it increase its free reserves by $90 million to $428 million and deliver a combined ratio of 73.

Tanker Trends

EGAS: Egypt to tender for 10 LNG Cargoes

Egypt will tender next week to import 10 cargoes of liquefied natural gas (LNG) for delivery in July and August, an official from the state gas company, EGAS, said on Thursday.

Fos Tanker Queue Grows as Strike Impacts Refinery Ops

Nearly two dozen vessels were queued outside the French oil import terminal in Fos, southern France on Thursday, held up by a strike organised by the hardline CGT

Statoil Says Sees European Gas Prices Bottoming Out

Norway's Statoil does not expect European gas prices to fall much further as rising demand from the power generation sector would offset an expected increase in liquefied natural gas (LNG) supply,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0845 sec (12 req/sec)