Philly Shipyard Inc News

15 Apr 2020

Philly Shipyard Chairman Requests to Step Down

(Photo: Philly Shipyard)

Jim Miller, chairman of the Board of Directors of Philly Shipyard, has requested to step down from the board, to join the management team of Philly Shipyard, Inc. as Senior Advisor to the CEO.The Nomination Committee has nominated Kristian Rokke to return as Chairman of the Board.The remainder of the Board is proposed to remain unchanged, the shipbuilder said.Philly Shipyard was recently selected to build up to five new training ships for the U.S. maritime academies.

08 Apr 2020

Philly Shipyard Wins Contract to Build US Training Ships

(Image: MARAD)

Philly Shipyard has been awarded a contract to build up to five National Security Multi-Mission Vessels (NSMV) that will enable at-sea training for America’s future mariners and support humanitarian assistance and disaster relief in times of need.TOTE Services, selected in May 2019 by the U.S. Department of Transportation’s Maritime Administration (MARAD) as the vessel construction manager for the NSMV program, placed an initial order with Philly Shipyard for the first two vessels for delivery in Spring and Winter 2023…

06 Aug 2019

Philly Shipyard Repairs MARAD Ship

Image: Philly Shipyard aerial view

Philly Shipyard, Inc. (PSI) , formerly Aker Philadelphia Shipyard,  has commenced work on its first contract to perform modernization, repair and maintenance work on a government ship, the SS Antares.The sole operating subsidiary of Philly Shipyard ASA said in a press note that the SS Antares is an Algol class vehicle cargo ship, owned by the U.S. Department of Transportation’s Maritime Administration (MARAD) and managed by TOTE Services, LLC (TOTE) and undergoes routine repair and maintenance during its scheduled dry docking every five years.TOTE…

11 Mar 2019

Matson Christens 'Kaimana Hila'

Matson, 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.  Photo: Matson & Philly Shipyard

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. The ships cost $418 million for the pair…

06 Nov 2018

Philly Shipyard Q3 EBITDA Turns To Loss Of $28.9 Million

An aerial view of Philly Shipyard (CREDIT: Philly Shipyard)

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. Hull 030 production activities continue to progress in the Building Dock.

23 Jul 2018

Lamarre Named CEO at Seaspan Shipyards

Mark Lamarre has been named CEO of Seaspan Shipyards. (Photo: Seaspan Shipyards)

Mark Lamarre, who most recently served as CEO of Australian Shipbuilding Company (ASC), has been named CEO of Seaspan Shipyards effective immediately. Lamarre succeeds Brian Carter, who stepped down to pursue other opportunities.Lamarre’s appointment follows recent Seaspan Shipyards additions to the senior leadership team, including Jari Anttila (previously with Philly Shipyard Inc. and Meyer Turku in Finland) as COO and Christof Brass (previously with Airbus Group SAS) as CFO.Lamarre is an experienced shipbuilding executive with more 30 years of experience in operations…

03 Jul 2018

Seaspan Shipyards Names Anttila COO

Seaspan Shipyards (Seaspan) appointed Jari Anttila as Chief Operating Officer (COO), who has more than 25 years of experience in shipbuilding and industrial operations. Previously with Philly Shipyard Inc. where he served as Senior Vice President, Anttila has considerable experience in successfully leading organizations through large shipbuilding projects. Prior to joining Philly Shipyards Inc., he held positions as Executive Vice President, Chief Operating Officer and Senior Vice President with Meyer Turku and its predecessors in Finland. Mr. Anttila has contributed to the successful delivery of dozens of vessels.At Seaspan, he will drive organizational excellence and operational efficiency by ensuring that the necessary controls, procedures, and systems are in place.

02 Jul 2018

Matson Christens First Aloha Class Vessel 'Daniel K. Inouye'

File Image: A rendering of Matson's Aloha class containership.

Largest Containership Built in U.S. Will Serve Hawaii. Matson, a U.S. flag carrier in the Pacific, and Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA (Oslo: PHLY) christened the largest containership ever built in the United States in a ceremony at the Philly Shipyard on Saturday, June 30. The new vessel is named 'Daniel K. Inouye' in honor of Hawaii's late senior U.S. Senator, who was a longstanding supporter of the U.S. maritime industry and its important role in supporting Hawaii's economy.

21 Nov 2017

Philly Shipyard Completes Tanker Series for APT

Philly Shipyard, Inc. (PSI) has delivered American Pride, the final vessel in a series of four 50,000 dwt product tanker newbuilds for American Petroleum Tankers (APT), a subsidiary of Kinder Morgan, Inc. The 600-foot product tanker has a 14.5 million gallon carrying capacity and is based on a design from Hyundai Mipo Dockyards (HMD) that incorporates numerous fuel efficiency features, flexible cargo capability, and the latest regulatory requirements, the builder said. The vessel has also received LNG Ready Level 1 approval from the American Bureau of Shipping (ABS). American Pride and its three sister ships were originally under contract with Philly Tankers…

06 Sep 2017

MARAD Awards $9.8 Mln to US Shipyards

© wi6995 / Adobe Stock

Aiming to support shipbuilding modernizations that will increase productivity and allow U.S. shipyards to compete more effectively in global markets, the U.S. Department of Transportation’s Maritime Administration (MARAD) has awarded $9.8 million to 18 U.S. yards through its Small Shipyard Grant Program. “Small shipyards play a significant role in our country’s maritime sector, which contributes to our economy, security, and infrastructure,” said U.S. Transportation Secretary Elaine L. Chao.

04 May 2017

Matson, Philly Shipyard Mark ‘Aloha Class’ Milestone

Photo: Matson

Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA, and Matson, Inc., a U.S. carrier in the Pacific, today marked a milestone in the construction of the first of two new "Aloha Class" containerships to be delivered to Matson in the third quarter of 2018 and first quarter of 2019, respectively. Designed specifically for Hawaii service, they will be the largest containerships ever built in the U.S. During today's ceremony in the dry dock where the first engine room section…

15 Jan 2017

Philly Shipyard Lays Keel for Fourth APT Tanker

Steinar Nerbovik, President and CEO Photo Philly Shipyard

Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA (Oslo: PHLY), held a ceremonial Keel Laying today for the fourth product tanker in a four vessel order for American Petroleum Tankers (APT), a Kinder Morgan, Inc. subsidiary. Keeping with long held shipbuilding tradition, coins were placed on one of the keel blocks before the 650 ton unit was lowered into place in the dry dock. Representatives from Philly Shipyard and Kinder Morgan were in attendance to place the coins as a sign of good fortune and safe travels.

15 Apr 2016

Third LNG-ready Tanker Delivered to Crowley

Photo: Crowley

Crowley Maritime Corp. has taken delivery of Louisiana, the third of four new, Jones Act product tankers being built for the company by Philly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA. The delivery marks another highpoint for Crowley’s petroleum services group as its tankers are at the forefront of the industry for their potential future conversion to LNG propulsion. Louisiana, which is 50,000 dead-weight-tons (dwt) and capable of carrying 330,000-barrels of product, is scheduled to be christened in New Orleans on May 5.

04 May 2016

Crowley to Christen 3rd LNG-ready Product Tanker

Louisiana (Photo: Crowley)

Crowley Maritime Corp. announced it will hold a christening ceremony Thursday, May 5 in New Orleans for the newly built Louisiana, the company’s third of four new Jones Act product tankers. The 600-foot-long, 50,000-dead-weight-ton (dwt), 330,000-barrel-capacity tanker will operate in the U.S. Gulf and is capable of carrying crude oil or refined petroleum products, as well as various other chemical products. Crowley has the option to convert the new tanker to liquefied natural gas (LNG) propulsion in the future…

06 May 2016

Crowley Christens Third LNG-ready Product Tanker

Carrie Templin christens Crowley’s new product tanker Louisiana in New Orleans (Photo: Crowley)

Crowley Maritime Corporation christened the third of four new LNG-ready Jones Act product tankers at a May 5 ceremony at the Julia Street Cruise Terminal in New Orleans. The 600-foot-long, 50,000-dead-weight-ton (dwt), 330,000-barrel-capacity MT Louisiana is capable of carrying crude oil or refined petroleum products, as well as other chemical products for U.S. Coastwise trade. The new vessel joins Crowley sister ships, Ohio and Texas, to be the first tankers ever to receive the American Bureau of Shipping’s LNG-Ready Level 1 approval…

20 May 2016

Philly Shipyard Lays Keel for Second APT Tanker

Philly Shipyard, Inc. (PSI) held a keel laying ceremony for the second product tanker in a four vessel order for Kinder Morgan, Inc. subsidiary American Petroleum Tankers (APT). Representatives from Philly Shipyard and Kinder Morgan were in attendance to place coins on one of the keel blocks before the 650 ton unit was lowered into place in the dry dock. When completed in 2017, the product tanker will be 600 feet long and capable of carrying 50,000 tons of crude oil or refined petroleum products. The Tier II 50,000 dead weight ton (dwt) product tankers are based on a Hyundai Mipo Dockyards (HMD) design which incorporates numerous fuel efficiency features, flexible cargo capability and the latest regulatory requirements, the builder said.

12 Aug 2016

Fourth LNG-ready Product Tanker Delivered to Crowley

West Virginia (Photo: Crowley)

Crowley Maritime Corp. took delivery Friday of MT West Virginia, the fourth new Jones Act product tanker built for the company by Philly Shipyard, Inc. (PSI). Crowley will christen the West Virginia on Tuesday at a ceremony at Philly Shipyard. The LNG-ready West Virginia can be converted for propulsion by liquefied natural gas (LNG), joining sister ships Louisiana, Ohio and Texas, which were received by Crowley in 2015 and 2016 as the first-ever tankers to receive the American Bureau of Shipping’s (ABS) LNG-Ready Level 1 approval.

17 Aug 2016

Crowley Christens MT West Virginia

Fourth LNG-Ready, Product Tanker Joins the Crowley Fleet Photo Crowley

Crowley Maritime Corp. today christened the MT West Virginia, its fourth new, Jones Act product tanker for the U.S. coastwise trade, in Philadelphia at Philly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA. The West Virginia is LNG ready, meaning it can later be converted for propulsion by liquefied natural gas (LNG). West Virginia joins its sister ships, Louisiana, Ohio and Texas, which were received by Crowley in 2015 and 2016 as the first-ever tankers to receive the American Bureau of Shipping’s (ABS) LNG-Ready Level 1 approval.

23 Sep 2016

Philly Shipyard Lays Keel for Kinder Morgan Product Tanker

Photo: Philly Shipyard

Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA, held a ceremonial Keel Laying for the third product tanker in a four vessel order for American Petroleum Tankers (APT), a Kinder Morgan, Inc. subsidiary. Keeping with long held shipbuilding tradition, coins were placed on one of the keel blocks before the 650 ton unit was lowered into place in the dry dock. Representatives from Philly Shipyard and Kinder Morgan were in attendance to place the coins as a sign of good fortune and safe travels.

03 Dec 2016

Philly Shipyard Delivers APT Tanker

Courtesy Philly Shipyard

Philly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), today delivered the American Endurance, the first of four next generation 50,000 dwt product tankers that it is building for American Petroleum Tankers (APT), a subsidiary of Kinder Morgan, Inc. This delivery is the 25th vessel built by PSI (formerly known as Aker Philadelphia Shipyard, Inc.). The next generation 50,000 dwt product tanker is based on a proven Hyundai Mipo Dockyards (HMD) design that also incorporates numerous fuel efficiency features…

30 Dec 2015

Cat Financial $ 150 Mln Loan for Philly Shipyard

Aker Philadelphia Shipyard which becames Philly Shipyard is a leading U.S. commercial shipyard constructing vessels for operation in the U.S. Jones Act market. Photo Philly Shipyard

Philly Shipyard, Inc. (PSINC), the sole operating subsidiary of Philly Shipyard ASA, announced today that it has signed a commitment letter with Caterpillar Financial Services Corporation (Cat Financial) for a USD 150 million loan facility to finance the construction of four next generation 50,000 dwt product tankers, designated as Hulls 025-028. The facility will be subject to a maximum borrowing amount of USD 75 million per vessel and secured by a first lien on the four vessels. The loans will accrue interest at three-month LIBOR plus 3.00% as defined in the commitment letter.

29 Dec 2016

Great Ships of 2016: Texas

(Photo: Crowley)

Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. Crowley Maritime Corp. took delivery of Texas, the second of four new Jones Act product tankers from Philly Shipyard, Inc. (PSINC). The 50,000 dwt, 330,000-barrel Texas joins sister ship Ohio, which was received by Crowley in October, as the first ever tankers to receive the ABS LNG-Ready Level 1 approval, meaning Crowley has the option to convert the tanker to liquefied natural gas (LNG) propulsion in the future.

30 Dec 2016

The Top 10 Ships of 2016

Maritime Reporter & Engineering News (www.marinelink.com), published since 1939, annually publishes details on the world’s “Great Ships of the Year.” Of the 18 selected as “Great Ships of 2016,” here we rank the Top 10 Ships of 2016, according to the editors of Maritime Reporter & Engineering News. Why: Second in series of the world’s first LNG powered containerships. Shipyard: Philly Shipyard Inc. Owner  Reliance Industries Ltd. Owner: Arctia Icebreaking Ltd.

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