Aker Philadelphia Shipyard holds a ceremonial Keel Laying for the second of four product tankers for JV with Crowley
Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), celebrated two significant ship milestones this week. Today, the shipyard held a ceremonial Keel Laying for the second of four product tankers that it is building for its joint venture with Crowley. Early in the day yesterday, construction began on its fourth product tanker in the same series.
At the Keel Laying ceremony, coins were placed on one of the keel blocks before the 580 ton unit, which will be part engine room of the completed ship, was lowered into place in the dry dock. This tradition dates back to early shipbuilding and signifies good fortune and safe travels. Representatives from APSI and Crowley were in attendance to place the coins and sign the keel block.
Yesterday, representatives from both companies gathered in the Fabrication Shop to begin cutting the first plate of the fourth product tanker in the series. That plate will become part of the double hull of the tanker that protects the cargo tanks. When completed in 2015 and 2016, these vessels will be 600 feet long and be capable of carrying 50,000 tons of crude oil or refined petroleum products.
Steinar Nerbovik, APSI’s President and CEO, remarked, “We now have all four product tankers we are building with Crowley under construction in various stages throughout the shipyard. I am proud of the hard working men and women of the shipyard and the quality vessels that they produce. Our workforce has grown along with our backlog of work and I look forward to completing these vessels and many more together.”
The new 50,000 dwt product tankers are based on a proven Hyundai Mipo Dockyards (HMD) design which incorporates numerous fuel efficiency features, flexible cargo capability, and the latest regulatory requirements. The vessels will be constructed with consideration for the use of LNG for propulsion in the future.
APSI has delivered 19 ships in its 15 year history. Also under construction at the shipyard is one 115,000 dwt crude oil tanker for SeaRiver Maritime, Inc., ExxonMobil Corporation’s U.S. marine affiliate and two additional 50,000 dwt tankers for Crowley. The shipyard also has contracts for two product tankers for Philly Tankers and two 3,600 TEU containerships for Matson Navigation which will be delivered in 2018.
Aker Philadelphia Shipyard is a leading U.S. commercial shipyard constructing vessels for operation in the Jones Act market. It possesses a state-of-the-art shipbuilding facility and has earned a reputation as the preferred provider of oceangoing merchant vessels with a track record of delivering quality ships. Aker Philadelphia Shipyard is listed on the Oslo Stock Exchange and is majority-owned by Converto Capital Fund, which in turn is majority-owned by Aker ASA. Aker is a Norwegian industrial investment company that creates value through active ownership. Aker's investment portfolio is concentrated on key Norwegian industries that are international in scope: oil and gas, fisheries and biotechnology, and marine assets. Aker's industrial holdings comprise ownership interests in Aker Solutions, Kvaerner, Det norske oljeselskap, Aker BioMarine, Ocean Yield and Havfisk.
