Philly Shipyard, formerly Aker Philadelphia Shipyard, is a commercial

shipyard A shipyard, also called a dockyard or boatyard, is a place where ships are built and repaired. These can be yachts, military vessels, cruise liners or other cargo or passenger ships. Dockyards are sometimes more associated with maintenance a ...

located in Philadelphia, Pennsylvania, United States on part of the site of the

Philadelphia Naval Shipyard The Philadelphia Naval Shipyard was an important naval shipyard of the United States for almost two centuries. Philadelphia's original navy yard, begun in 1776 on Front Street and Federal Street in what is now the Pennsport section of the cit ...

. The commercial yard began after the United States Navy had ended most of its operations at the site. The yard is a listed company on the

Oslo Stock Exchange Oslo Stock Exchange ( no, Oslo Børs) (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway’s only regulated markets for securities trading today. The stock exchange offers a full product range including equities, deriv ...

and part of the

Aker Group Aker may refer to: Places * Aker, Norway, a geographic area in Oslo and a former municipality in Norway * Vestre Aker, a district of Oslo within former Aker municipality * Nordre Aker, a district of Oslo within former Aker municipality * Aker Br ...

controlled by

Kjell Inge Røkke Kjell Inge Røkke (born 25 October 1958) is a Norwegian billionaire businessman. Røkke launched his business career with the purchase of a trawler in the United States in 1982, and gradually built a leading worldwide fisheries business. In 1 ...

. The yard targets producing ships within the Jones Act for domestic shipping, primarily product tankers and container ships.

History

The yard was started as a cooperation between Kværner and the

City of Philadelphia Philadelphia, often called Philly, is the largest city in the Commonwealth of Pennsylvania, the sixth-largest city in the U.S., the second-largest city in both the Northeast megalopolis and Mid-Atlantic regions after New York City. Since ...

, the Commonwealth of Pennsylvania and the Government of the United States. Rebuilt and opened in 2000, the yard delivered its first ship in 2003: MV ''Manukai'', a container cargo ship for Matson Line and the first of four sister vessels built for Matson through 2006. In 2005, control of the yard passed to Aker, which bought the troubled Kværner firm. Aker American Shipping ASA was formed and listed on the Oslo Bors. In 2007, Aker American Shipping was split into two companies - the shipbuilding company, Aker Philadelphia Shipyard, and the ship owning company, Aker American Shipping (today American Shipping Company). In January 2013, the shipyard completed construction of fourteen product tankers for subsidiaries of American Shipping Company (AMSC), Overseas Shipholding Group (OSG) and Crowley. On September 29, 2011, Aker Philadelphia signed a contract with SeaRiver Maritime Inc. (the shipping subsidiary of

ExxonMobil ExxonMobil Corporation (commonly shortened to Exxon) is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil, and was formed on November 30, ...

) for the construction of two Aframax oil product tankers for delivery in 2014. At 820 ft. in length and measuring over 115,000 tons deadweight, they will be the largest ships yet built by the yard. On August 14, 2013, Philly.com reported that Aker signed a joint business venture with Crowley Maritime Corp of Jacksonville, Florida, to construct 8 product tankers with an option for 4 additional tankers. The venture was valued at $500 million and is expected to continue work at the yard through 2017. On November 6, 2013, Aker Philadelphia Shipyard announced an agreement to build two container ships, named the Aloha class, for

Matson, Inc. Matson, Inc. is an American shipping and navigation services company headquartered in Honolulu, Hawaii. Founded in 1882, Matson, Inc.'s subsidiary Matson Navigation Company provides ocean shipping services across the Pacific to Hawaii, Alaska, G ...

On June 10, 2014, the shipyard announced the planned establishment of Philly Tankers, a Jones Act Shipping Company. The shipyard has firm contracts to build two eco-design product tankers and options for two additional new builds. On June 11, 2014, Aker Philadelphia Shipyard has delivered the first of two aframax tankers to SeaRiver Maritime, Exxon Mobil Corporation's U.S. marine affiliate. This tanker is 820 feet long and designed to transport 800,000 barrels of Alaskan North Slope crude oil from Prince William Sound, Alaska to the U.S. West Coast. Also, this vessel is equipped with double hull protection, the latest navigation and communications equipment, and an energy-efficient engine. On September 30, 2015, Aker Philadelphia Shipyard delivered the ''Ohio'', the first of four next-generation 50,000 dwt product tankers that it is building for Crowley Maritime Corporation. On October 1, 2015, the shipyard began production activities on two 3,600 TEU "Aloha Class" containerships that it is building for Matson Navigation Company.The contracts for the vessels were originally signed in 2013 for a total value of $418 million. On December 1, 2015, at an extraordinary general meeting, 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, likewise changed its name to Philly Shipyard. On December 23, 2015, Philly Shipyard completed the construction of the ''Texas'' for Crowley Maritime Corporation. Texas - it's the 22nd vessel built by Philly Shipyard. It's the next generation 50,000 dwt

product tanker An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk cargo, bulk transport of petroleum, oil or its products. There are two basic types of oil tankers: crude tankers and product tankers. Crude tankers move large quant ...

. On April 15, 2016, the shipyard delivered the ''Louisiana''. ''Louisiana'' - joins sister ships ''Ohio'' and ''Texas'', which were received by Crowley in 2015. The 600-foot tanker has a carrying capacity of 14.5 million gallons of crude oil or refined products. In March 2019 the shipyard delivered a container vessel for the Hawaii trade but had no new vessel orders. In July the yard had only a short-term contract for the refit of a Maritime Administration cargo ship. In a report to their investors, they outlined an effort to pursue the repair and building of US government vessels. As of August 2022 the shipyard had three National Security Multi-Mission Vessels (NSMV) under construction.

References

External links

Aker Group website

{{Coord, 39.888301, -75.187844, type:landmark_globe:earth_region:US-PA, display=title Shipyards of the United States Manufacturing companies based in Philadelphia Companies listed on Oslo Axess Industrial buildings and structures in Pennsylvania