PRESS RELEASES

Steinar Nerbovik Appointed CEO of Aker Philadelphia Shipyard; Kristian Rokke Becomes Non-Executive Chairman (05.11.14)

Aker Philadelphia Shipyard ASA (Oslo: AKPS) (the “Company”) is pleased to announce that its Board of Directors has appointed Steinar Nerbovik as President and CEO of Aker Philadelphia Shipyard ASA effective today.

Read more
 

Aker Philadelphia Shipyard Holds Ceremonial Keel Laying for First Next Generation Product Tanker (24.09.14)

Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), held a ceremonial keel laying today for the first of four product tankers that it is building for its joint venture with Crowley Maritime Corporation.

Read more
 

Aker Philadelphia Shipyard Delivers First Aframax Tanker to Seariver Maritime (11.06.14)

Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), has delivered the first of two aframax tankers to SeaRiver Maritime, Inc. (SeaRiver), Exxon Mobil Corporation’s U.S. marine affiliate. The 820 foot long, 115,000 deadweight ton tanker will transport up to 800,000 barrels of Alaskan North Slope crude oil from Prince William Sound, Alaska to the U.S. West Coast. The vessel is equipped with double hull protection, the latest navigation and communications equipment, and an energy efficient engine.

Read more
 

Aker Philadelphia Shipyard and financial sponsors, including American Shipping Company and funds affiliated with Apollo Global Management, create pure play Jones Act shipping company, Philly Tankers (10.06.14)

Highlights

  • Philly Tankers established to provide pure play exposure toward Jones Act shipping market with firm contracts for two eco-design product tanker newbuilds and options for two additional vessels
  • Vessels will be built by Aker Philadelphia Shipyard with deliveries of the initial two vessels in Q4 2016 and Q1 2017 and deliveries of the two option vessels in Q3 2017 and Q4 2017
  • Philly Tankers has ambitions to grow through a combination of additional newbuilds, acquisitions of existing vessels, and participation in expected market consolidation
  • Corporate structure suitable for future transformation to a Master Limited Partnership (MLP), potentially offering significant value enhancement
  • Philly Tankers to be listed on the Norwegian OTC by mid-July 2014 with goal of a U.S. listing by mid-2016
  • Aker Philadelphia Shipyard to invest USD 58.5 million in Philly Tankers for 54% of the company, gaining additional shipping exposure in-line with Aker Philadelphia Shipyard’s previously communicated strategy
  • Philly Tankers’ sponsors to invest USD 59.0 million in Philly Tankers for the remaining 46% of the company, and include American Shipping Company (OSE: AMSC), funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) and other U.S. institutional investors
Read more
 

Aker Philadelphia Shipyard Starts Construction of First Product Tanker for Joint Venture with Crowley (06.01.14)

Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), began production activities today on the first product tanker that it is building for its joint venture with Crowley. Crowley and APSI have signed contracts for the first four tankers, with a total contract value of approximately $500 million.
Read more
 

Kristian Rokke Nominated to be Executive Chairman of AKPS; Steinar Nerbovik to be Appointed AKPS’s Managing Director (19.03.14)

Aker Philadelphia Shipyard ASA (Oslo: AKPS) announces that Kristian Rokke, AKPS’s President and CEO, has been nominated to be Executive Chairman of the Board of Directors of AKPS. This nomination is expected to be approved at the Company’s Annual General Meeting on April 9, 2014. Steinar Nerbovik, who is currently Senior Vice President of Operations of Aker Philadelphia Shipyard, Inc., AKPS’s wholly-owned subsidiary (APSI), will assume the position of Managing Director of both AKPS and APSI. 

Read more
 

2013 Annual Report (19.03.14)

Please find attached the 2013 Annual Report.

Read more

Jobs at Aker

Plate Priming Facility

Media coverage