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

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AMSC sees Jones Act tanker market getting tighter

“We are encouraged to see significant chartering activity in the Jones Act tanker market during the last few months leaving very limited shipping capacity available until the end of 2020,” said Pål