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Aker American Shipping ASA has sold all its 7.6 million shares in the shipbuilding company at a price of NOK 57.50 per share. The sale will give an accounting gain of about USD 7 million, equivalent to approximately NOK 38 million.
Aker Philadelphia Shipyard ASA has successfully completed the previously announced private placement and has raised NOK 137.5 million in new equity. In addition to the issue of new shares, Aker American Shipping has sold all its 7,600,000 shares in Aker Philadelphia Shipyards.
The shareholders in Aker American Shipping ASA are invited to attend the Extraordinary General Meeting to be held on Monday 10 December 2007 at 14.00 hrs at Felix Conference Centre, Byggetorget 3, Aker Brygge, Oslo, Norway.
The Board of Directors of Aker American Shipping has decided to implement a split of the company’s business activities into a shipowning company and a shipyard. The split will establish a solid foundation for further development of two leading US maritime companies.
The Board of Directors of Aker American Shipping has decided to implement a split of the company’s business activities into a shipowning company and a shipyard. Accordingly, a disbursement sale of shares in the new company Aker Philadelphia Shipyard ASA will be made via a bookbuilding process in the period 27 November through 4 December.
Vessel is the third delivered this year and will operate in US Jones Act marketRead more >
American Shipping Corporation (ASC) is pleased to welcome Mr. Robert Kurz as its new President. ASC was formed in the second quarter of 2005 to own and bareboat charter out Jones Act vessels.Read more >
Aker American Shipping releases its third quarter results for 2007 on Thursday 1 November 2007 at 09:00 CET.Read more >
Production milestone achieved with setting of complex section in Building Dock
PHILADELPHIA, PA (October 8, 2007) – Keel laying for the fifth tanker in Aker Philadelphia Shipyards series of product tankers took place today in the yard’s Building Dock. The event was particularly noteworthy in that for the first time in the build program, the initial module set in the dock for this vessel (Hull 009) was a complex engine room section of the keel, featuring sweeping curves and intricate outfitting. Previous vessels saw a less complex cargo section of the keel set first in the dock, but targeted efforts to advance production methods have resulted in an improved building sequence first achieved on Hull 009.
Vessels will be first to enter new Shuttle Tanker market in the US Gulf of Mexico
PHILADELPHIA, PA (October 5, 2007) – Aker American Shipping ASA owned vessels will be the first to serve as U.S. flag shuttle tankers pursuant to the agreement announced today between Overseas Shipholding Group, Inc. (OSG) and Petrobras America, Inc. (Petrobras). The two 46,000 dwt Veteran Class tankers will be used to service a Floating Production Storage and Offloading facility (FPSO) at the Chinook and Cascade fields.
PHILADELPHIA, PA (October 3, 2007) – Aker American Shipping ASA and Overseas Shipholding Group, Inc. (OSG) announced today that they have signed an agreement pursuant to which Aker Philadelphia Shipyard, a subsidiary of Aker American Shipping, will construct two additional Veteran Class MT-46 Jones Act Product Tankers and transfer them to another subsidiary, American Shipping Corporation, which will bareboat charter the vessels to subsidiaries of OSG for initial terms of 10 years.Read more >