On Sunday, September 27th, Aker Philadelphia Shipyard , a leading U.S. commercial shipyard, launched Ship 012. The eighth in a series of 12 product tankers to be completed by 2011,

the 46,000 dwt vessel was floated off of its blocks and was transferred
by tug from the Building Dock to the Outfitting Dock, where it will
remain for the next few weeks as it undergoes continuous testing and
commissioning in preparation for its upcoming sea trials.

This vessel will be named the Overseas Cascade and after delivery from
Aker Philadelphia Shipyard will have shuttle tanker features installed
for use in the deepwater U.S. Gulf of Mexico. Shuttle tankers transport
crude oil from deepwater areas where there are no available pipelines.

Jim Miller, President and CEO said, “The launch of this vessel, the
eighth in a series of twelve, is a testament to the hard work and
dedication of the skilled shipbuilders here at Aker Philadelphia
Shipyard. With each vessel we demonstrate the continuous improvement
that has made us a leading US shipyard.”

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.

Source: Aker Philadelphia Shipyard

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• Aker Philadelphia Shipyard Launches Eighth Product Tanker

    On Sunday, September 27th, Aker Philadelphia Shipyard , a leading U.S. commercial shipyard, launched Ship 012. The eighth in a series of 12 product tankers to be completed by 2011, the 46,000 dwt vessel was floated off of its blocks and was transferred by tug from the Building Dock to the

• Aker Philadelphia Shipyard Delivers Eighth Product Tanker

     The eighth Veteran Class MT-46 Product Tanker is the twelfth vessel built by the shipyard Aker Philadelphia Shipyard (Oslo: AKPS), a leading U.S. commercial shipyard, delivered its eighth Veteran Class MT-46 product tanker today. The 46,000 dwt vessel, named the Overseas Cascade, was delivered to a subsidiary of Overseas Shipholding Group

• Aker Philadelphia Provides Construction Update

     An update of construction progress for the vessels currently being built at Aker Philadelphia Shipyard was recently made available.Click here to view the details   Source: Aker Philadelphia

• Aker Philadelphia announces Second Quarter 2009 – Eleventh Vessel Delivered in turbulent market

     Aker Philadelphia Shipyard ASA (AKPS) continued to make progress on its tanker series for American Shipping Company ASA (AMSC) and delivered AKPS’ eleventh vessel on 11 June 2009. For the quarter ended 30 June 2009, the shipyard recorded operating revenues of USD 55.0 million and EBITDA (earnings before interest, taxes

• Philadelphia Phillies and Aker Philadelphia Shipyard Workers Recognized at Keel Laying Ceremony

    Two great teams – the 1,200-strong shipyard work force and the World Champion Philadelphia Phillies – were honored today at the keel-laying for the tenth tanker in the current build program at Aker Philadelphia Shipyard. APSI officials decided to recognize the Phillies along with its talented workforce because both teams symbolize

• Overseas Shipholding Group and Aker Sign Settlement Agreement

    Overseas Shipholding Group, Inc., a market leader in providing energy transportation services, announced it has entered into a settlement agreement with American Shipping Company ASA (“AMSC”), Aker Philadelphia Shipyard ASA, and Aker Philadelphia Shipyard, Inc. (“APSI”), (collectively “Aker”) that settles all outstanding commercial disputes between OSG and Aker and provides

• Aker Philadelphia Shipyard signs non-binding proposed solution with American Express and OSG

     On 5 August 2009, Aker Philadelphia Shipyard ASA (AKPS) issued a press release disclosing, among other things, that it had become an active participant in the negotiations between its customer, American Shipping Company ASA (AMSC), and AMSC’s charterer, Overseas Ship holding Group, Inc. (OSG), to settle all of their commercial

• OSG and American Express in settlement proposal

    seeks to resolve liquidity issues so Aker Philadelphia can continue 12-ship newbuild program Read at OSG and American Shipping in settlement proposal

• OSG and American Express in settlement proposal

    seeks to resolve liquidity issues so Aker Philadelphia can continue 12-ship newbuild program Read at OSG and American Shipping in settlement proposal

• Aker negotiations unsafe waters

    With the global recession crimping demand for petroleum products, offshore drilling, and new ship orders, Aker Philadelphia Shipyard is feeling the pinch. The nine-year-old Aker delivered its seventh product tanker in June and has orders for five more through early 2011. But its only customer and buyer at the moment

• Overseas Shipholding Group and Aker sign binding settlement proposal

    Overseas Shipholding Group, Inc., a market leader in providing energy transportation services, yesterday announced that it has signed a nonbinding settlement proposal with American Shipping Company ASA (AMSC) that seeks to settle all outstanding commercial disagreements between the two companies. The proposal is intended to resolve certain liquidity issues previously disclosed

• Aker Aces contract for Subsea Tree Visund, Troll field

    Aker Solutions has been awarded two contracts by StatoilHydro to deliver subsea equipment to its Visund and Troll fields in the North Sea, including subsea tree number 100 for Troll.

• Keel laying of the first of two ferries for P O Ferries was

     The keel of a ferry to be built for P&O Ferries was laid at STX Europe, Rauma on 25 August, 2009. The vessel is the first of the two ferries scheduled for delivery from Rauma shipyard in 2010 and 2011. Following a traditional ceremony, some lucky coins were placed under the

• Kerosene on Barents Sea coast

    Norwegian engineering major Aker Solutions considers the establishment of a base in northern Norway, which is to help the company get deals in Russia and the Barents Sea. -We have to get established in northern Norway to serve the customers in the north, company CEO Simen Lieungh told TU.no. That new

• Kerosene on Barents Sea coast

    Norwegian engineering major Aker Solutions considers the establishment of a base in northern Norway, which is to help the company get deals in Russia and the Barents Sea. -We have to get established in northern Norway to serve the customers in the north, company CEO Simen Lieungh told TU.no. That new