AKER PHILADELPHIA SHIPYARD HOLDS CEREMONIAL KEEL LAYING FOR 13th PRODUCT TANKER

  • October 25, 2011


Union Management Safety Committee
This is the 17th Keel Laying Ceremony since the yard’s inception

Aker Philadelphia Shipyard (Oslo: AKPS), a leading U.S. commercial shipyard, held a ceremonial keel laying this morning for Ship 017, the 13th product tanker being built at the yard.

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AKER PHILADELPHIA SHIPYARD AND EXXONMOBIL MARINE AFFILIATE SIGN DEFINITIVE DOCUMENTATION FOR THE CONSTRUCTION OF TWO AFRAMAX TANKERS

  • September 29, 2011

At a ceremony at its shipyard attended by Governor Corbett, Mayor Nutter, and others, Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), signed definitive documentation for the construction of two aframax tankers with SeaRiver Maritime, Inc. (SeaRiver), Exxon Mobil Corporation’s U.S. marine affiliate.

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AKER PHILADELPHIA SHIPYARD AND EXXONMOBIL AFFILIATE SIGN LETTER OF INTENT FOR THE CONSTRUCTION OF TWO AFRAMAX TANKERS

  • July 25, 2011

Aker Philadelphia Shipyard ASA (Oslo: AKPS) announced today that its sole operating subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), has signed a Letter of Intent with SeaRiver Maritime, Inc. (SeaRiver), Exxon Mobil Corporation’s U.S. marine affiliate, for the construction of two aframax tankers. The 820 foot long, 115,000 deadweight ton tankers are intended to be used to transport Alaskan North Slope crude oil from Prince William Sound to the U.S. West Coast.

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AKER PHILADELPHIA SHIPYARD SECURES FUNDING FROM CATERPILLAR FINANCIAL

  • June 1, 2011

Aker Philadelphia Shipyard, Inc., the sole operating subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), has entered into a loan agreement with Caterpillar Financial Services Corporation (Cat Financial) for a construction loan facility and contingent floorplan loan facility totaling USD 80 million.

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AKER PHILADELPHIA SHIPYARD DELIVERS TWELFTH PRODUCT TANKER

  • April 29, 2011

Overseas Tampa
The twelfth Veteran Class MT-46 Product Tanker is the sixteenth vessel built by the shipyard

Aker Philadelphia Shipyard (Oslo: AKPS), a leading U.S. commercial shipyard, delivered to American Shipping Company (Oslo: AMSC) the shipyard’s twelfth Veteran Class MT-46 product tanker. The 46,000 dwt vessel, named the Overseas Tampa, will leave the shipyard in the coming days under the operation of Overseas Shipping Group (OSG) to transport petroleum products.

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Agreement for the Construction of Two Additional Tankers at Aker Philadelphia Shipyard Successfully Closed

  • March 31, 2011

Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), announced today that yesterday the transactions contemplated by the agreement signed in mid-December 2010 between APSI and the Philadelphia Shipyard Development Corporation (PSDC), which agreement was disclosed in AKPS’s releases on January 2, 2011 and February 18, 2011, were formally closed. The closing of the transactions secures the yard’s ability to finance the construction of two product tankers, Ships 17 and 18.

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Aker Philadelphia Shipyard announces new CEO

  • March 24, 2011

Kristian Røkke has been appointed President and CEO of Aker Philadelphia Shipyard ASA (AKPS). He replaces Jim Miller who has been appointed Executive Vice President of Aker Contractors’ US Onshore Engineering & Construction business and member of Aker Contractors’ new Executive Management Team. Mr. Miller is also nominated for the position as Chairman of the Board at Aker Philadelphia Shipyard.

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Tentative Agreement that Enables Construction of Two Additional Tankers at Aker Philadelphia Shipyard Made Effective

  • February 17, 2011

Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), announced today that the Commonwealth of Pennsylvania has agreed to partner with the shipyard and to fund the purchase of certain fixed assets from APSI for a purchase price of USD 42 million.

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Aker Philadelphia Shipyard Signs Tentative Agreement to Help Fund Construction of Two Vessels

  • January 2, 2011

As reported by Aker Philadelphia Shipyard ASA (Oslo: AKPS) in its third quarter 2010 report issued on October 26, 2010, the future of its wholly-owned subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), is uncertain.

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