Philly Shipyard to Pay Extraordinary Dividend

Maritime Activity Reports, Inc.

August 19, 2016

Photo Philly Shipyard

Photo Philly Shipyard

In its second quarter report Philly Shipyard ASA announced that additional extraordinary dividend would be paid following the deliveries of Hulls 024 and 025. Subsequent to the delivery of Hull 024 to Crowley and the buy-out of the Company's joint venture interest in that vessel by Marathon, the Company has a solid cash position to pay an extraordinary distribution of dividend to the Company's shareholders.

The Board of Directors has therefore resolved to propose that the general meeting of the Company approves an extraordinary dividend of USD 3.00 per share. The extraordinary general meeting will be held on September 12, 2016 at 14:30h (CET) at Advokatfirmaet BA-HR DA, Tjuvholmen allé 16, 0252 Oslo, Norway.

Maritime Reporter Magazine Cover Apr 2019 - Navies of the World

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News