Philly Shipyard

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MARAD authorizes construction of two more NSMVs

The U.S. Department of Transportation’s Maritime Administration (MARAD) today authorized the construction of two additional National Security Multi-Mission Vessels (NSMV). The two ships, funding for which was approved in the massive omnibus

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Congress approves $390 million for Texas A&M NSMV

The massive spending measure just approved by Congress includes $390 million to fund construction of a fourth National Security Multi-Mission Vessel (NSMV), which will be assigned to the Texas A&M Maritime Academy

Matson takes delivery of Matsonia

Matson Inc. (NYSE: MATX) today took delivery of Matsonia, the second of two LNG-ready Kanaloa Class combination container / roll-on, roll-off ships built for the company by the General Dynamics NASSCO shipyard

GE Power Conversion systems chosen for NSMV

GE’s Power Conversion business has been awarded a $40 million contract to supply the power and propulsion systems for the first two National Security Multi-Mission Vessels (NSMVs) on order at Philly Shipyard.

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Philly Shipyard reports sudden passing of CFO

Philly Shipyard, Inc., the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), has announced the unexpected death of Chief Financial Officer, Brian Leathers, age 60. Leathers joined Philly Shipyard in early

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OSG and AMSC extend Jones Act tanker charters

Overseas Shipholding Group, Inc. (NYSE: OSG) and American Shipping Company ASA (Oslo Stock Exchange: AMSC) (OTCQX: ASCJF) today jointly announced that OSG has exercised options to extend its bareboat charter agreements with