Largest Containership Built in U.S. Will Serve Hawaii
Matson, Inc. (NYSE: MATX), a leading U.S. 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.
Read morePhilly Shipyard ASA has today on 29 June 2018 held an Extraordinary General Meeting (EGM) to vote on the proposal to elect Kristian Røkke as Deputy Chairman of the Board. This proposal to the EGM was approved.
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The shareholders in Philly Shipyard ASA are invited to attend an extraordinary general meeting (EGM) to be held on Friday 29 June 2018 at 12:00h (CET) at Advokatfirmaet BAHR AS, Tjuvholmen allé 16, 0252 Oslo, Norway.
Read morePhilly Shipyard ASA has today on April 5, 2018 held its Annual General Meeting.
Read moreThe shareholders in Philly Shipyard ASA are invited to attend the annual general meeting (AGM) to be held on Thursday April 5, 2018 at 12:00h (CET) at Advokatfirmaet BAHR AS, Tjuvholmen allé 16, 0252 Oslo, Norway.
Read moreReference is made to a release today by TOTE where the company announced that its plans to enter the U.S. mainland to Hawai’i containership service are on hold as a result of its Phase 1 technical review of Piers 1 and 2 in Honolulu Harbor. As a result of this delay, TOTE and Philly Shipyard, Inc. (PSI) will not extend their Letter of Intent (LOI), which is set to expire on January 31, 2018.
Read morePhilly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), today delivered the American Pride, the fourth of four next generation 50,000 dwt product tankers that it has built for American Petroleum Tankers (APT), a subsidiary of Kinder Morgan, Inc. The vessel was delivered ten days ahead of the contract delivery date.
Read moreReference is made to a release today by Saltchuk where the company announced its plan to expand its domestic shipping services to Hawai’i under its TOTE Maritime brand (TOTE). Philly Shipyard, Inc. (PSI), a wholly-owned subsidiary of Philly Shipyard ASA (Oslo: PHLY), is a part of this venture and can confirm that the previously announced Letter of Intent (LOI) for the construction and sale of up to four new, cost-efficient and environmentally friendly containerships for the Hawai’i trade that was entered into between PSI and TOTE. (Reference: Stock exchange release dated July 21, 2017).
Read morePhilly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), today delivered the American Liberty, the third of four next generation 50,000 dwt product tankers that it is building for American Petroleum Tankers (APT), a subsidiary of Kinder Morgan, Inc.
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Highlights
Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA (Oslo: PHLY), and Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, today marked an important 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.
Read morePhilly Shipyard ASA has today on April 7, 2017 held its Annual General Meeting.
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Philly Shipyard is teaming with Fincantieri Marine Group (FMG) to compete for the detail design and construction of the next generation heavy polar icebreaker for the United States Coast Guard (USCG). The USCG recently selected five shipyards to each conduct an industry study to help refine the vessel’s key features and performance requirements.
Read morePhilly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), today delivered the American Freedom, the second of four next generation 50,000 dwt product tankers that it is building for American Petroleum Tankers (APT), a subsidiary of Kinder Morgan, Inc.
Read moreThe shareholders in Philly Shipyard ASA are invited to attend the annual general meeting (AGM) to be held on Friday April 7, 2017 at 12:00h (CET) at Advokatfirmaet BA-HR DA, Tjuvholmen allé 16, 0252 Oslo, Norway.
Please find attached below the following AGM documents:
Nomination committee recommendations
Guidelines for remuneration to executive management
Philly Shipyard shareholders may register here for the Annual General Meeting.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Read morePhilly 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.
Read morePhilly 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.
Read morePhiladelphia, PA (November 16, 2016) – As part of President Obama’s declaration of National Apprenticeship week, Philly Shipyard, Inc. (PSI), today hosted an event to showcase its widely respected Registered Apprenticeship program.
Read morePhilly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA (Oslo: PHLY), held a ceremonial Keel Laying today for the third product tanker in a four vessel order for American Petroleum Tankers (APT), a Kinder Morgan, Inc. subsidiary.
Read moreReference is made to the second quarter report of Philly Shipyard ASA (the “Company”), where the Company announced its intention to pay additional extraordinary dividend following the deliveries of Hulls 024 and 025. Following 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.
Read morePhilly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), today delivered the West Virginia, the fourth of four next generation 50,000 dwt product tankers that it has built for Crowley Maritime Corporation (Crowley). The vessel was delivered two weeks ahead of the contract delivery date.
Read morePhilly Shipyard ASA (Oslo: PHLY) announced today that its wholly owned U.S. subsidiary, Philly Shipyard, Inc. (PSI) has entered into a definitive loan agreement with Caterpillar Financial Services Corporation (Cat Financial) for a USD 150 million loan facility to finance the construction of four product tankers, designated as Hulls 025-028.
Read morePhilly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA (Oslo: PHLY), held a ceremonial Keel Laying today for the second product tanker in a four vessel order for American Petroleum Tankers (APT), a Kinder Morgan, Inc. subsidiary.
Read morePhilly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), today delivered the Louisiana, the third of four next generation 50,000 dwt product tankers that it is building for Crowley Maritime Corporation (Crowley). The 600-foot tanker has a carrying capacity of 14.5 million gallons of crude oil or refined products.
Read morePhilly Shipyard ASA has today on 13 April 2016 held its Annual General Meeting. All proposals to the AGM were approved.
The Board of Directors now consists of:
Jim Miller (Chairman)
Audun Stensvold (Deputy Chairman)
Amy Humphreys
Elin Karfjell
The minutes of the meeting are attached below in Norwegian and English, as well as the AGM presentation.
Read moreThe shareholders in Philly Shipyard ASA are invited to attend the annual general meeting (AGM) to be held on Wednesday April 13, 2016 at 14:00h (CET) at Advokatfirmaet BA-HR DA, Tjuvholmen allé 16, 0252 Oslo, Norway.
Please find attached below the following AGM documents:
Nomination committee recommendations
Guidelines for remuneration to executive management
Philly Shipyard shareholders may register here for the Annual General Meeting.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Read morePlease find attached the 2015 Annual Report for Philly Shipyard.
The company's 2015 Annual Report shows net income for 2015 of USD 17.4 million. In comparison, the company's Q4 2015 Report showed a preliminary net income for 2015 of USD 19.0 million. The reduction of net income for 2015 is due to a deferred tax expense of USD 1.6 million related to unrealized foreign currency gains for tax purposes on an intercompany loan at the parent company.
2015 Annual Report
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Philly Shipyard ASA has today held an extraordinary general meeting regarding the election of Jim Miller as new Chairman of the Board. The minutes from the general meeting are attached below in Norwegian and English.
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Philly Shipyard, Inc. (PSINC), the wholly-owned U.S. subsidiary of Philly Shipyard ASA (Oslo: PHLY), held a ceremonial Keel Laying for the first product tanker in a four vessel order for American Petroleum Tankers (APT), a Kinder Morgan, Inc. subsidiary. When completed at the end of this year, the vessel will be 600 feet long and capable of carrying 50,000 tons of crude oil or refined petroleum products.
Read morePhilly Shipyard ASA (Oslo: PHLY) announces 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.
Read morePhilly Shipyard, Inc. (PSINC), the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), 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.
Read morePhilly Shipyard, Inc. (PSINC), the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), today delivered the Texas, the second of four next generation 50,000 dwt product tankers that it is building for Crowley Maritime Corporation (Crowley). The 600-foot tanker has a carrying capacity of 14.5 million gallons of crude oil or refined products.
Read moreAt an extraordinary general meeting held earlier today, shareholders of Aker Philadelphia Shipyard ASA (OSLO: AKPS) approved a proposal to change the company’s name to Philly Shipyard ASA. Accordingly, Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of AKPS, will likewise change its name to Philly Shipyard, Inc. effective today.
Read moreAker Philadelphia Shipyard ASA has today held an extraordinary general meeting regarding the Board of Directors’ proposal to change the Company’s name to Philly Shipyard ASA. The extraordinary general meeting approved the Board of Directors’ proposal.
Read moreOn 4 November 2015, the Board of Directors of Aker Philadelphia Shipyard ASA (Oslo: AKPS) resolved to pay a dividend to the shareholders of AKPS as of expiry of 10 November 2015, of USD 0.25 per share, in aggregate USD 3,026,975.25.
Read moreThe Board of Directors of Aker Philadelphia Shipyard ASA (the “Company”) has resolved to propose that the Company’s name is amended to Philly Shipyard ASA.
The shareholders of the Company are invited to attend an extraordinary general meeting to be held on Monday November 30, 2015, at 14:00 (CET) at Advokatfirmaet BA-HR DA, Tjuvholmen allé 16, 0252 Oslo, Norway, to approve the contemplated change of name.
Please find attached below the notice of the extraordinary general meeting and the attendance/proxy form.
EGM Notice - Norwegian
EGM Notice - English
EGM Attendance and Proxy - Norwegian
EGM Attendance and Proxy - English
Investors - register here to attend Aker Philadelphia Shipyard ASA‘s Extraordinary General Meeting on 30 November 2015.
Read moreAker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), began production activities today on the third and fourth 50,000 dwt product tankers in a four vessel order for American Petroleum Tankers, a Kinder Morgan Inc. subsidiary (APT). The two product tankers are scheduled for delivery in 2017 and are the culmination of a series of eight product tankers being built at the shipyard for APSI’s customers.
Read moreAker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), began production activities today on two 3,600 TEU “Aloha Class” containerships that it is building for Matson Navigation Company, Inc. (Matson). The contracts for the vessels were originally signed in 2013 for a total value of $418 million, with deliveries expected in Q3 and Q4 of 2018.
Read moreAker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), yesterday delivered the Ohio, the first of four next generation 50,000 dwt product tankers that it is building for Crowley Maritime Corporation (Crowley).
Read moreAker Philadelphia Shipyard ASA (OSLO: AKPS) announced today that its wholly-owned U.S. subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), has entered into definitive agreements with a subsidiary of Marathon Petroleum Corporation (MPC) for the buy-out of APSI’s interest in its joint venture with Crowley Maritime Corporation (Crowley) related to the operation and chartering of four 50,000 dwt product tankers. The transaction is based on an enterprise value of $150 million per vessel.
Read moreUpcoming apprentice graduates recognized at ceremony
Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), held a ceremonial Keel Laying for the fourth of four product tankers that it is building with Crowley Maritime Corporation (Crowley).
Read morePhilly Tankers AS announced today that its wholly-owned U.S. subsidiary, Philly Tankers LLC, has signed definitive documentation with a subsidiary of Kinder Morgan, Inc. for the assignment of its existing contracts for the construction of four 50,000 dwt product tankers. The vessels will be constructed by Aker Philadelphia Shipyard, Inc. and are planned to be delivered between November 2016 and November 2017.
Read moreAker Philadelphia Shipyard ASA (OSLO: AKPS) 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.
Read moreAker Philadelphia Shipyard ASA (Oslo: AKPS) is pleased to announce that Jan Ivar Nielsen (born 1962) will be joining the company as Chief Financial Officer effective September 2015. Since 2009, Mr. Nielsen has held the position of CFO of VARD Holdings, a publicly listed global designer and builder of offshore and specialized vessels with ten facilities across Europe, Asia and South America.
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