Philly Shipyard
Philly Shipyard News
Philly Shipyard, Vard Marine Win CHAMP Gig
Philly Shipyard (PSI), the U.S. commercial shipyard constructing vessels for operation in the Jones Act market, and the naval architecture and marine engineering…
PSI Delivers LNG-Fuelled Vessel to Matson
Philly Shipyard (PSI), the unit of Philly Shipyard ASA, delivered the second dual-fuel Aloha Class containership, Kaimana Hila, to Matson Navigation Company.‘Kaimana Hila’ is the second of two 3…
Matson Christens 'Kaimana Hila'
Largest Containership Built in U.S. Will Serve HawaiiMatson, Inc. and Philly Shipyard, Inc. (PSI) christened the second of two Aloha Class containerships built for Matson in a ceremony at Philly Shipyard on Saturday, March 9. Dubbed Kaimana Hila, it is the sister ship to Daniel K. Inouye, which entered service in November of 2018. "Kaimana Hila" is a Hawaiian transliteration for "Diamond Head," the name of Hawaii's iconic landmark crater near Waikiki Beach.
Philly Shipyard Reports Q4 2018, FY 2018 Results
As of 31 December 2018, the two-containership order for Matson is approximately 95% complete. On 31 October 2018, Philly Shipyard delivered the first vessel (Hull 029) in the two-containership order for Matson. Philly Shipyard continued to idle certain operations and impose layoffs due to the lack of new orders after the Matson project.Key Financial Data:Fourth quarter and full year 2018 operating revenues and other income of USD 19.4 million and USD 129.2 million…
Philly Shipyard Q3 EBITDA Turns To Loss Of $28.9 Million
The U.S.-based shipbuilder reported operating revenues and other income for Q3 were USD $26.5 million, compared to USD $200.8 illion in Q3 2017.The firm also forecast that the ongoing Matson vessel newbuilding projects would be a loss making project.The firm further expects that it will suffer significant losses in 2018 and 2019.Ongoing WorkHull 029 production activities continue to progress in the Commissioning Dock and sea trials are expected to occur next month.
