Aker Philadelphia Shipyard’s facilities and equipment was installed new in 1998-2000. The shipyard was designed with the specific intent of reducing materials handling operations and is based on experience from state-of-the-art Aker Yards shipyards in Europe.

In April 2011, APSI completed construction of twelve product tankers for subsidiaries of American Shipping Company (“AMSC”) and Overseas Shipholding Group ("OSG"), of which two were converted to shuttle tankers. The yard is currently building two additional product tankers to be used in the Jones Act Market.