Philly Shipyard
Philly Shipyard News
Philly Shipyard Wins USNS Charlton Repair Contract
Philly Shipyard said it has been awarded a contract for the repair of the Watson-class vehicle cargo ship USNS Charlton (T-AKR-314). The repairs will be completed in the third quarter of 2021.The USNS Charlton is one of Military Sealift Command’s (MSC) large, medium-speed, roll-on/roll-off ships. With a displacement of 69,000 tons and a length of 950 feet, the vessel carries prepositioned U.S. Army tanks…
MARAD Green Lights Two More NSMV Builds
The U.S. Department of Transportation’s Maritime Administration (MARAD) on Tuesday authorized the construction of two additional National Security Multi-Mission Vessels (NSMV), marking a key milestone for one of America's most high-profile shipbuilding programs.The new vessels will replace aging training ships at Maine Maritime Academy in Castine, Maine, and Texas A&M Maritime Academy in Galveston, Texas.
Congress Funds Training Ship for Texas A&M
Congress on Monday approved $390 million to fund construction of a fourth National Security Multi-Mission Vessel (NSMV). The state-of-the-art ship will be assigned to the Texas A&M Maritime Academy at Texas A&M University at Galveston, serving as a training platform for future merchant mariners and offer a critical disaster resource in the Gulf Coast.Scheduled for delivery in 2025, the new NSMV for…
GE to Supply Propulsion Systems for MARAD's New Training Ships
GE’s Power Conversion business has been awarded a $40 million contract to supply the power and propulsion systems for two National Security Multi-Mission Vessels (NSMV). This new class of purpose-built ships for the U.S. Department of Transportation's Maritime Administration (MARAD) will be used primarily to provide cadets with at-sea training on operational vessels.GE was selected as the single-source vendor (SSV) for the ships’ propulsion system…
BMT, Philly Shipyard to Conduct U.S. Navy T-AGOS(X) Studies
Naval architecture and marine engineering firm BMT said it has been awarded a contract to conduct industry studies to advance the design of the next generation of U.S. Navy Auxiliary General Ocean Surveillance Ship (T-AGOS(X)).The industry studies address technical solutions and design tradeoffs, provide recommendations to improve producibility and affordability, and include technical reviews of the Navy’s evolving ship design, said prime contractor BMT, who will partner with U.S.
Theisen Returns to Philly Shipyard as CFO
Philly Shipyard announced Wednesday that Jeffrey Theisen will re-join the company as Chief Financial Officer, effective September 8. Theisen fills the vacancy created by last month's sudden passing of Brian Leathers.Theisen previously served as Philly Shipyard's CFO for eight years, from 2007 - 2015. He was involved in the spin-off of Philly Shipyard from its parent Aker American Shipping and subsequent listing of the company on Oslo Axess…
Philly Shipyard CFO Brian Leathers Passes Suddenly
Philly Shipyard announced the unexpected death of its chief financial officer, Brian Leathers, age 60. “It is with great sadness that we share the news of Brian’s passing, and our entire organization mourns his death. Brian was a well-respected colleague and friend to many. His positive energy, enthusiasm, and dynamic personality will be sorely missed,” said Steinar Nerbovik, Philly Shipyard President…
Wabtec to Supply Engines for Marad's NSMV Fleet
Wabtec Corporation said it has been awarded a contract worth more than $10 million to supply engines for the first two of the U.S. Maritime Administration’s (MARAD) National Security Multi-Mission Vessels (NSMVs) being built at Philly Shipyard.In April Philly Shipyard was selected to build up to five NSMVs that will enable at-sea training for America’s future mariners and support humanitarian assistance and disaster relief.
Interview: Steinar Nerbovik, President & CEO, Philly Shipyard
Philly Shipyard won a high-profile contract when TOTE Services awarded the deal to build up to five new ships, the National Security Multi-Mission Vessel (NSMV). We caught up with Steinar Nerbovik, President & CEO, Philly Shipyard for insights on the deal.While many companies globally fight to stay in business through the COVID-19 pandemic, Philly Shipyard received a huge deal late last month: the contract to build up to five NSMV ships…
MARAD Takes New Approach to Government Shipbuilding
Maritime Administration implements new way of doing business in government shipbuildingNot only is the Maritime Administration (MARAD) back in the shipbuilding business with the National Security Multi-Mission Vessels (NSMV), the agency is using an innovative procurement method using an indefinite delivery, indefinite quantity (IDIQ) approach for these ships to be flexible for appropriation cycles.
Philly Shipyard Chairman Requests to Step Down
Jim Miller, chairman of the Board of Directors of Philly Shipyard, has requested to step down from the board, to join the management team of Philly Shipyard, Inc. as Senior Advisor to the CEO.The Nomination Committee has nominated Kristian Rokke to return as Chairman of the Board.The remainder of the Board is proposed to remain unchanged, the shipbuilder said.Philly Shipyard was recently selected to build up to five new training ships for the U.S. maritime academies.
Philly Shipyard Wins Contract to Build US Training Ships
Philly Shipyard has been awarded a contract to build up to five National Security Multi-Mission Vessels (NSMV) that will enable at-sea training for America’s future mariners and support humanitarian assistance and disaster relief in times of need.TOTE Services, selected in May 2019 by the U.S. Department of Transportation’s Maritime Administration (MARAD) as the vessel construction manager for the NSMV program…
Philly Shipyard Repairs MARAD Ship
Philly Shipyard, Inc. (PSI) , formerly Aker Philadelphia Shipyard, has commenced work on its first contract to perform modernization, repair and maintenance work on a government ship…
Philly Shipyard to Appoint New CFO
Philly Shipyard ASA announced that Brian Leathers will assume the position of Chief Financial Officer (CFO) immediately following the Q2 2019 meeting of the Board of Directors on July 15, 2019.Mr. Leathers will replace Jan Ivar Nielsen, who is resigning from his position as the company’s CFO to pursue another executive role within the Aker group. Mr. Nielsen will remain available to the company until August 15, 2019 to ensure a smooth transition.Mr.
Philly Shipyard Appoint New CFO
The U.S. commercial shipyard constructing vessels for operation in the U.S. Jones Act market, Philly Shipyard announced that it is to appoint a Chief Financial Officer…
Philly Shipyard, Vard Marine Win CHAMP Gig
Philly Shipyard (PSI), the U.S. commercial shipyard constructing vessels for operation in the Jones Act market, and the naval architecture and marine engineering…
PSI Delivers LNG-Fuelled Vessel to Matson
Philly Shipyard (PSI), the unit of Philly Shipyard ASA, delivered the second dual-fuel Aloha Class containership, Kaimana Hila, to Matson Navigation Company.‘Kaimana Hila’ is the second of two 3…
Matson Christens 'Kaimana Hila'
Largest Containership Built in U.S. Will Serve HawaiiMatson, Inc. and Philly Shipyard, Inc. (PSI) christened the second of two Aloha Class containerships built for Matson in a ceremony at Philly Shipyard on Saturday, March 9. Dubbed Kaimana Hila, it is the sister ship to Daniel K. Inouye, which entered service in November of 2018. "Kaimana Hila" is a Hawaiian transliteration for "Diamond Head," the name of Hawaii's iconic landmark crater near Waikiki Beach.
Philly Shipyard Reports Q4 2018, FY 2018 Results
As of 31 December 2018, the two-containership order for Matson is approximately 95% complete. On 31 October 2018, Philly Shipyard delivered the first vessel (Hull 029) in the two-containership order for Matson. Philly Shipyard continued to idle certain operations and impose layoffs due to the lack of new orders after the Matson project.Key Financial Data:Fourth quarter and full year 2018 operating revenues and other income of USD 19.4 million and USD 129.2 million…
Philly Shipyard Q3 EBITDA Turns To Loss Of $28.9 Million
The U.S.-based shipbuilder reported operating revenues and other income for Q3 were USD $26.5 million, compared to USD $200.8 illion in Q3 2017.The firm also forecast that the ongoing Matson vessel newbuilding projects would be a loss making project.The firm further expects that it will suffer significant losses in 2018 and 2019.Ongoing WorkHull 029 production activities continue to progress in the Commissioning Dock and sea trials are expected to occur next month.
