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November 29, 2005

Aker Philadelphia starts second product tanker

Aker Philadelphia Shipyard has begun production on the second of ten vessels in its product tanker build program.

Steel cutting for the ship, the sixth built by the yard since its opening five years ago, begins just weeks after keel laying for the first tanker in the series. The second vessel is scheduled to be completed in 2007.

The steel plates were cut on one of the yard's two state-of-the-art plasma cutting machines. Once finished, the pieces will form part of the engine room of the 46,000 deadweight ton (dwt) product tanker.

On completion, the tankers will be owned by American Shipping Corporation, a subsidiary of Aker American Shipping.

Dave Meehan, President and CEO of Aker Philadelphia Shipyard said, "Start of production on the second product tanker marks another important event in the ten ship program. With two tankers and one container vessel currently under construction, Aker Philadelphia continues to demonstrate the improved processes and efficiencies with which it operates."

Meehan added, "More importantly, this moves us one step closer to delivering another modern product tanker to the U.S. Jones Act market."