Aker Philadelphia Shipyard

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Aker Philadelphia Shipyard, Inc
Type Subsidiary
Industry Shipyard
Founded 1996
Headquarters Philadelphia, Pennsylvania, United States
Area served United States
Key people

Kristian Rokke (Executive Chairman)

Steinar Nerbovik (Managing Director)
Employees 1000 (2014)
Parent Converto Capital Fund, majority owned by Aker ASA
Website www.akerphiladelphia.com
The shipyard

Aker Philadelphia Shipyard, formerly Kværner Philadelphia Shipyard, is a commercial shipyard located in Philadelphia, Pennsylvania, United States on part of the site of the Philadelphia Naval Shipyard. The commercial yard began after the United States Navy had ended most of its operations at the site.

The yard is a listed company on the Oslo Stock Exchange and part of the Aker Group controlled by Kjell Inge Røkke. The yard targets producing ships within the Jones Act for domestic shipping, primarily product tankers and container ships.

The yard was started as a cooperation between Kværner and the City of Philadelphia, the Commonwealth of Pennsylvania and the Government of the United States. Rebuilt and opened in 2000, the yard delivered its first ship in 2003: MV Manukai, a container cargo ship for Matson Line and the first of four sister vessels built for Matson through 2006.

In 2005, control of the yard passed to Aker, which bought the troubled Kværner firm. Aker American Shipping ASA was formed and listed on the Oslo Bors. In 2007, Aker American Shipping was split into two companies - the shipbuilding company, Aker Philadelphia Shipyard, and the ship owning company, Aker American Shipping (today American Shipping Company).

In January 2013, the shipyard completed construction of fourteen product tankers for subsidiaries of American Shipping Company (AMSC), Overseas Shipholding Group (OSG) and Crowley.

On September 29, 2011, Aker Philadelphia signed a contract with SeaRiver Maritime Inc. (the shipping subsidiary of ExxonMobil) for the construction of two Aframax oil product tankers for delivery in 2014. At 820 ft. in length and measuring over 115,000 tons deadweight, they will be the largest ships yet built by the yard.

On August 14, 2013, Philly.com reported that Aker signed a joint business venture with Crowley Maritime Corp of Jacksonville, FL to construct 8 product tankers with an option for 4 additional tankers. The venture was valued at $500 million and is expected to continue work at the yard through 2017. [1]

On November 7, 2013, Aker Philadelphia Shipyard announced an agreement to build two 3,600 TEU containerships for Matson Navigation, with deliveries in 2018.

On June 10, 2014, the shipyard announced the planned establishment of Philly Tankers, a Jones Act Shipping Company. The shipyard has firm contracts to build two eco-design product tankers and options for two additional new builds.

External links[edit]


References[edit]

  1. ^ Loyd, Linda (August 14, 2013). "Aker has deal to build up to eight tankers". Philly.com. p. 1. http://articles.philly.com/2013-08-14/business/41378655_1_kristian-rokke-aker-shipyard-seariver-maritime-inc