Aker Philly starts production of second SeaRiver Aframax

Aker Philly starts second AframaxDECEMBER 19, 2012 — A small ceremony in the Fabrication Shop of Aker Philadelphia Shipyard, Inc. marked the start of production activities today on the second of two Aframax tankers that the shipyard is building for SeaRiver Maritime, Inc. (SeaRiver), Exxon Mobil Corporation’s U.S. marine affiliate. The construction of the two tankers, valued at $400 million, will create more than 1,000 jobs.

Today the shipbuilder commenced cutting on the ship’s first steel plate. These plates will become part of the double hull of the tanker that protects the cargo tanks. When completed in 2014, the vessels will be 820 feet long and be capable of carrying 115,000 tons of crude oil. The tankers are intended to be used to transport Alaskan North Slope crude oil from Prince William Sound to the U.S. West Coast.

In addition to the two Aframax tankers for SeaRiver, Aker Philadelphia Shipyard is also currently constructing one 46,000 deadweight ton product tanker for delivery in early 2013 to Crowley

Aker Philadelphia Shipyard, Inc. is the sole operating subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS),

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