The following is the text of a press release issued by Aker Philadelphia Shipyard:
(PHILADELPHIA) — Aker Philadelphia Shipyard (Oslo: AKPS), a leading U.S.
commercial shipyard, launched its sixth product tanker in a series of twelve today representing the midpoint of the series. When completed, the 600 foot long vessel will be sold to American Shipping Company (Oslo: AMSC) and bareboat chartered to OSG America.
commercial shipyard, launched its sixth product tanker in a series of twelve today representing the midpoint of the series. When completed, the 600 foot long vessel will be sold to American Shipping Company (Oslo: AMSC) and bareboat chartered to OSG America.
On the morning of Wednesday, November 5, the vessel was floated off its blocks in the 1,100 foot Building Dock and transferred by tugboats to the Outfitting Dock. In the Outfitting Dock, Testing and Commissioning of the systems and onboard work will continue, as well as preparations for the vessel to undergo sea trials where it will be tested prior to final delivery. This vessel is scheduled for delivery in the first quarter of 2009.
Please visit www.akerphiladelphia.com for a photo from the launch as well as updates on the three other vessels currently under construction at the yard. 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 a member of the Norwegian-based Aker family of global companies, leaders in global growth markets including energy technologies, energy resources, maritime technologies, seafood and marine biotechnology.
American Shipping Company (AMSC) owns and leases world-class quality vessels for operation between ports in the United States. When the current series of twelve tankers is completed in 2011, AMSC will own the most modern product tanker fleet in the United States; and it will be the first company in the United States to own shuttle tankers for use in the U.S. Gulf of Mexico.
