Aker Shipyard owner explores 'strategic initiatives,' including U.S. stock listing

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(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.

Click here to read the newspaper's story.

By Professional Mariner Staff