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Aker American Shipping
American Shipping Company ASA (), formerly known as Aker American Shipping ASA, is a Norwegian-American shipping and shipyard company and part of the Aker Group. Aker ASA originally owned 53.2% of the company, and in 2008 reduced its ownership share to 19.9%. The company is listed on the Oslo Stock Exchange and is headquartered in Oslo, Norway. It was reported in November 2007 that the company has approximately 1,300 employees. Aker American Shipping consists of the shipyard, Aker Philadelphia Shipyard, and the shipping company, American Shipping Corporation (ASC). Aker American Shipping builds merchant vessels for companies operating under the Jones Act, and through its subsidiaries, owns and leases those ships as well. The Jones Act requires all water transport between US ports to be operated by US-flag ships and requires US-flag ships to be built in US shipyards, owned by US citizens, and operated by an American crew. History Aker Philadelphia Shipyard, originally Kv ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Merchant Marine Act Of 1920
The Merchant Marine Act of 1920 is a United States federal statute that provides for the promotion and maintenance of the American merchant marine. Among other purposes, the law regulates maritime commerce in U.S. waters and between U.S. ports. Section 27 of the Merchant Marine Act is known as the Jones Act and deals with cabotage (coastwise trade). It requires that all goods transported by water between U.S. ports be carried on ships that have been constructed in the United States and that fly the U.S. flag, are owned by U.S. citizens, and are crewed by U.S. citizens and U.S. permanent residents.46. U.S.C. § 50101 et seq. (2006).Lin, Tom C.W.Americans, Almost and Forgotten 107 California Law Review (2019) The act was introduced by Senator Wesley Jones. The law also defines certain seaman's rights. Laws similar to the Jones Act date to the early days of the United States. In the First Congress, on September 1, 1789, Congress enacted Chapter XI, "An Act for Registering and C ...
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Shipbuilding Companies Of Norway
Shipbuilding is the construction of ships and other Watercraft, floating vessels. It normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to before recorded history. Shipbuilding and ship repairs, both commercial and military, are referred to as "Naval architecture, naval engineering". The construction of boats is a similar activity called boat building. The dismantling of ships is called ship breaking. History Pre-history The earliest known depictions (including paintings and models) of shallow-water sailing boats is from the 6th to 5th millennium BC of the Ubaid period of Mesopotamia. They were made from bundled Reed (plant), reeds coated in bitumen and had bipod masts. They sailed in shallow coastal waters of the Persian Gulf. 4th millennium BC Ancient Egypt Evidence from Ancient Egypt shows that the early Egyptians knew how to assemble planks of wood into a hull ( ...
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Texas City
Texas City is a city in Galveston County, Texas, Galveston County in the U.S. state of Texas. Located on the southwest shoreline of Galveston Bay, Texas City is a busy deepwater port on Texas's Gulf Coast, as well as a petroleum-refining and petrochemical-manufacturing center. The population was 51,898 at the 2020 census, making it the third-largest city in Galveston County, behind League City and Galveston. It is a part of the Houston metropolitan area. The city is notable as the site of a Texas City disaster, major explosion in 1947 that demolished the port and much of the city. History Three duck hunters in 1891 noted that a location along Galveston Bay, known locally as Shoal Point, had the potential to become a major port. Shoal Point had existed since the 1830s, when veterans of the Texas Revolution (1835–1836) were awarded land for their services. The name was applied to the community when a post office opened in 1878. The duck hunters were three brothers from Dul ...
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New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the List of United States cities by population density, most densely populated major city in the United States, and is more than twice as populous as second-place Los Angeles. New York City lies at the southern tip of New York (state), New York State, and constitutes the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the world by urban area, urban landmass. With over 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York is one of the world's most populous Megacity, megacities, and over 58 million people live within of the city. New York City is a global city, global Culture of New ...
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Los Angeles
Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world's most populous megacities. Los Angeles is the commercial, financial, and cultural center of Southern California. With a population of roughly 3.9 million residents within the city limits , Los Angeles is known for its Mediterranean climate, ethnic and cultural diversity, being the home of the Hollywood film industry, and its sprawling metropolitan area. The city of Los Angeles lies in a basin in Southern California adjacent to the Pacific Ocean in the west and extending through the Santa Monica Mountains and north into the San Fernando Valley, with the city bordering the San Gabriel Valley to it's east. It covers about , and is the county seat of Los Angeles County, which is the most populous county in the United States with an estim ...
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Long Beach
Long Beach is a city in Los Angeles County, California. It is the 42nd-most populous city in the United States, with a population of 466,742 as of 2020. A charter city, Long Beach is the seventh-most populous city in California. Incorporated in 1897, Long Beach lies in Southern California in the southern part of Los Angeles County. Long Beach is approximately south of downtown Los Angeles, and is part of the Gateway Cities region. The Port of Long Beach is the second busiest container port in the United States and is among the world's largest shipping ports. The city is over an oilfield with minor wells both directly beneath the city as well as offshore. The city is known for its waterfront attractions, including the permanently docked and the Aquarium of the Pacific. Long Beach also hosts the Grand Prix of Long Beach, an IndyCar race and the Long Beach Pride Festival and Parade. California State University, Long Beach, one of the largest universities in California b ...
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Houston
Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in 2020. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat and largest city of Harris County and the principal city of the Greater Houston metropolitan area, which is the fifth-most populous metropolitan statistical area in the United States and the second-most populous in Texas after Dallas–Fort Worth. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Comprising a land area of , Houston is the ninth-most expansive city in the United States (including consolidated city-counties). It is the largest city in the United States by total area whose government is not consolidated with a county, parish, or borough. Though primarily in Harris County, small portions of the ...
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Overseas Shipholding Group
Overseas Shipholding Group, Inc. (OSG - Overseas Shipping Group) () is the operator of a fleet of twenty-four oil tankers and oil tug-barges. It is based in Tampa, Florida, United States, and was founded in 1948. In 1969, under the leadership of Raphael Recanati, OSG began acquiring tanker ships to transport oil from Alaska to the lower 48 US states. In the 1990s, OSG began to acquire luxury cruise liners. In 1995, the cruise ships resulted in losses of over $12 million to OSG. As a result of the losses, Michael Recanati, the son of Raphael Recanati, was reported to have been forced to leave OSG. OSG has offices in Tampa, Florida and Newark, Delaware with nearly 900 sea and shore-based employees. The company filed for Chapter 11 bankruptcy in 2012 after the SEC accused CEO Morten Arntzen and CFO Miles Itkin of falsifying financial statements. In 2017, the company paid a $75,000 fine to the SEC to settle the securities fraud allegations. Former CFO Miles Itkin also paid a se ...
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Bareboat Charter
A bareboat charter or demise charter is an arrangement for the chartering or hiring of a ship or boat, whereby no crew or provisions are included as part of the agreement; instead, the people who rent the vessel from the owner are responsible for taking care of such things. This act is commonly known as bareboating or bareboat charter. There are legal differences between a bareboat charter and other types of charter arrangements, commonly called ''time'' or ''voyage'' charters. In a voyage or time charter, the charterer charters the ship (or part of it) for a particular voyage or for a set period of time. In these charters, the charterer can direct where the ship will go but the owner of the ship retains possession of the ship through its employment of the master and crew. In a bare-boat or demise charter, on the other hand, the owner gives possession of the ship to the charterer and the charterer hires its own master and crew. The bare-boat charterer is sometimes called a "disp ...
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Matson Navigation Company
Matson may refer to: *Matson (surname) *Matson, Gloucester, England, a suburb of Gloucester *Matson, Missouri, an unincorporated community *2586 Matson, an asteroid * Matson, Inc., a shipping company, formerly Matson Navigation Company *Matson Films, American film distributor See also *Mattson Mattson is a Swedish patronymic surname, meaning "son of Matt (shortened form of Matthew)". It is rare as a given name. People * Brad Mattson, Silicon Valley entrepreneur * Eli Mattson, pianist, singer, and runner-up on America's Got Talent * ...
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Kværner
Kværner was a Norwegian engineering and construction services company that existed between 1853 and 2005. In 2004, it was amalgamated to the newly formed subsidiary of Aker ASA - Aker Kværner, which was renamed Aker Solutions on 3 April 2008. Kværner re-emerged on 6 May 2011, when the EPC (engineering, procurement and construction) part of Aker Solutions took the Kværner name. The new Kværner company was listed on the Oslo Stock Exchange on 8 July 2011. History Kvaerner Brug was founded in Oslo in 1853 by industrialist Oluf A. Onsum (1820-1899). The company became principally involved in the production of cast iron stoves. In 1870, Kvaerner built its first hydroelectric turbine. During the early 1900s, Kvaerner power turbines remained the principal product line which also included bridges, cranes, and pumps. Kvaerner was listed on the Oslo Stock Exchange in 1967. By the 1990s, the company assembled a collection of engineering and industrial businesses, including shipbui ...
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