(PHILADELPHIA) — Converto Capital Fund, the majority owner of Aker Philadelphia Shipyard and American Shipping Co., is exploring "strategic initiatives" for the companies that might include a U.S. stock listing, a merger or acquisition, or a financial restructuring, The Philadelphia Inquirer reported. Aker employs more than 1,000 people in south Philadelphia. It has orders to build ships through 2018 in compliance with the Jones Act.
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