Jim Miller Nominated Chairman of Philly Shipyard
Philly Shipyard ASA (Oslo: PHLY) announced that Jim Miller has been nominated to be Chairman of the Board of Directors of Philly Shipyard. Mr. Miller previously held this role from 2011 until 2014. This nomination is expected to be approved at an extraordinary general meeting on February 1, 2016. Kristian Rokke, CEO of the Norwegian investment company Akastor, is stepping aside as Chairman of the Philly Shipyard Board. The remainder of the Company's Board of Directors will remain unchanged and consists of Amy Humphreys, Elin Karfjell, and Audun Stensvold.
Aker Philadelphia Shipyard is Philly Shipyard Now
Aker Philadelphia Shipyard ASA announces its plan to change its name to Philly Shipyard ASA, pending an upcoming shareholder vote at an extraordinary general meeting expected to take place in October 2015. Aker Philadelphia Shipyard, Inc. (APSI) will likewise change its name to Philly Shipyard, Inc. "Changing our name to Philly Shipyard more accurately reflects the shipyard we have become in recent years," remarked Steinar Nerbovik, Aker Philadelphia Shipyard's President and CEO. "We have delivered on our promises and stand firmly on our own two feet as a company.
Nerbovik Named CEO of Aker Philadelphia
Aker Philadelphia Shipyard ASA announced that its board of directors has appointed Steinar Nerbovik as president and CEO of Aker Philadelphia Shipyard ASA effective today. Nerbovik has served as the company's managing director for the past seven months and was previously the company's senior vice president of operations. Kristian Rokke will continue as chairman of the board of AKPS, but in a nonexecutive capacity. "Today's announcement is mostly a formality given Steinar's prominent role at the company since 2013 and follows the plan set earlier this year…
Changes in Oil Trade Patterns and their Effects
With “America’s Energy Renaissance” oil trade patterns are changing. The impact is far reaching, but not easily defined. Ship spotters around the Hudson River, which snakes north from New York towards Albany, have been abuzz since the middle of the year when the medium range (MR) tanker Afrodite, owned by Tsakos Energy Navigation, has been sighted regularly. The 2005-built 53,000 deadweight vessel commenced a two-year charter to Irving Oil, at a rate of $16,000/day, topped off by a profit-split.
Aker Rhymes with “Soccer”
In an extraordinary end to an unusually buoyant year for U.S. shipyards, a flurry of new blue water, commercial orders flooded into Tier I shipbuilders in the fourth quarter of 2013. As the year comes to a close, the biggest problem facing U.S. builders was solving the quandary of how to find, train and ultimately retain qualified shipfitters to toil on the vessels sitting on those fat backorder books. While these are nominally ‘good’ problems to have, they are problems nonetheless. Industry is, nevertheless, finding imaginative ways to adapt existing human resources models as a way to cope.
The Aker Way: From Surviving to Thriving
Aker’s comeback story isn’t yet over, but the middle chapters certainly make for compelling copy. The nation’s market leader in blue water tankers and containerships looks aft to (painful) lessons learned and at the same time, ahead for additional opportunities. Aker Philadelphia Shipyard (Oslo: AKPS) is the second-largest commercial shipbuilder in the United States, having built more than one-half of the large ocean-going vessels in the US market since 2003. The key word in all of that is “commercial.” Aker Philadelphia is a Jones Act builder…
Matson, Aker Ink Shipbuilding Deal
Matson Signs Contract With Aker Philadelphia Shipyard For Two New "Aloha Class" Containerships, First Ship To Be Named The Daniel K. Inouye. Matson, Inc., a U.S. carrier in the Pacific, announced today that its subsidiary, Matson Navigation Company, Inc., has signed a contract with Aker Philadelphia Shipyard Inc. (APSI) to build two new 3,600 TEU containerships for an aggregate price of $418 million. The new vessels will be equipped with dual fuel engines that have liquefied natural gas (LNG) capability and are expected to be delivered in the third and fourth quarters of 2018.
US Shipyard Lays First Aframax Tankship Keel
Aker Philadelphia Shipyard holds ceremonial keel-laying for first Aframax Tanker for SeaRiver Maritime, Inc. The ceremonial keel-laying was for the first of two Aframax tankers that it is building for SeaRiver Maritime, Inc. (SeaRiver), Exxon Mobil Corporation’s U.S. marine affiliate. The construction of the two tankers, valued at $400 million, will create more than 1,000 jobs. When completed in 2014, the Liberty Class vessels will be 820 feet long and be capable of carrying 115,000 tons of crude oil.
Crowley Maritime Tankship Christened
Crowley Maritime Corporation christen its newest US-flag tanker, 'Florida', at Aker Philadelphia Shipyard. More than 100 guests, including Chairman, President and CEO Tom Crowley; friends and employees from Crowley; representatives from the customer, shipyard, and labor along with other industry dignitaries, gathered to celebrate the vessel’s christening, which was performed by Nina Glende Johnsen, the wife of Aker President and CEO Kristian Rokke. The Florida, which will provide 50 American seagoing and shore-side jobs…