Aker Philly delivers second SeaRiver Aframax

MARCH 16, 2015 — Aker Philadelphia Shipyard, Inc. (APSI) has delivered its second Aframax tanker to SeaRiver Maritime, Inc. (SeaRiver), Exxon Mobil Corporation's U.S. marine affiliate.

The 820 foot long, 115,000 dwt tanker will transport up to 800,000 barrels of Alaskan North Slope crude oil from Prince William Sound, Alaska to the U.S. West Coast.

In addition to double hulls for all cargo and fuel tanks, the Eagle Bay is equipped with leading technology for key systems, including main engine components and controls as well as fuel, lube oil and electrical systems to deliver energy efficiencies and better performance. SeaRiver Maritime consulted with independent specialists to complete an extensive evaluation of the vessel's design, adhering to the same methodology used by the aerospace industry and the U.S. Department of Defense.

The ship's main engine and auxiliary systems will be energy efficient and generate lower air emissions than required by regulatory standards.

"Delivery of this vessel marks the conclusion of a successful project that has transformed our company for the better. We are proud of the Eagle Bay and are confident that she will serve the SeaRiver organization well over the decades to come. On behalf of the 1,100 men and women of APSI, I would like to extend our gratitude to SeaRiver for the opportunity to serve their newbuild needs and for what has been a productive partnership," said Steinar Nerbovik, APSI's President and CEO.

The shipbuilder delivered its first Aframax Tanker, the Liberty Bay, to SeaRiver in 2014 and it is successfully serving SeaRiver in the Alaskan trade. APSI is currently building four 50,000 dwt product tankers for Crowley. In addition the company has contracts for two 50,000 dwt product tankers for Philly Tankers LLC and two 3,600 TEU containerships for Matson Navigation, with deliveries in 2018.

ExxonMobil says that SeaRiver Maritime's contract with Aker for two tankers, valued at $400 million, delivered a significant economic boost to the greater Philadelphia region where it generated employment and millions of dollars in revenue. When placed into service, the new tankers' economic contributions will extend across the United States to Alaska, California and Washington as they begin to support oil production and refining operations. They will replace two existing double hull tankers.

"This project has had a significant economic impact, creating more than 1,200 jobs and generating millions of dollars in revenue for the city of Philadelphia, the commonwealth of Pennsylvania and beyond," said Andy Madden, vice president of ExxonMobil Supply & Transportation Company.

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