National Security Multi-Mission Vessel Program Achieves Construction Milestone with Fourth Keel Laying - Seite 2

Congress has appropriated funding to replace aging training vessels with NSMVs at SUNY Maritime College, Massachusetts Maritime Academy, Maine Maritime Academy, Texas A&M Maritime Academy and California State University Maritime Academy, respectively. These ships will be owned and operated by MARAD.

NSMV 1, Empire State, was delivered in September 2023, while NSMV 2 and NSMV 3 are both under construction in Philly Shipyard's outfitting and building docks, respectively. Construction on NSMV 5 has not yet started. Monthly photo galleries that document progress on each vessel can be found at https://www.phillyshipyard.com/category/around-the-shipyard/.

About TOTE Services

TOTE Services, LLC ("TOTE Services") is a leading U.S.-based ship management company that skillfully and expertly provides crewing and technical services to meet the needs of commercial, privately owned and U.S. Government vessels. Since 2015, TOTE Services has overseen construction and management of the world's first LNG powered container ships, activated U.S. training ships to support disaster relief and managed many MARAD vessels. TOTE Services, along with TOTE Maritime Alaska, LLC and TOTE Maritime Puerto Rico, LLC, comprise the TOTE group of companies. The TOTE group is part of the Saltchuk family of companies. www.toteservices.com

About Philly Shipyard

Philly Shipyard, Inc. (PSI) is a leading U.S. shipbuilder that is presently pursuing a mix of commercial and government work. It possesses a state-of-the-art shipbuilding facility and has earned a reputation as a preferred provider of oceangoing merchant vessels with a track record of delivering quality ships, having delivered around 50% of all large ocean-going Jones Act commercial ships since 2000. PSI is the sole operating subsidiary of Philly Shipyard ASA. Philly Shipyard ASA is listed on the Euronext Expand Oslo (Oslo: PHLY) and is majority-owned by Aker Capital AS, which in turn is wholly-owned by Aker ASA (Aker). Aker is an industrial investment company that exercises active ownership to create value. Aker has ownership interests in oil and gas, renewable energy and green technologies, maritime assets, marine biotechnology and industrial software, and its portfolio includes companies like Aker BP, Aker Horizons, Aker BioMarine, Cognite, and Aker Solutions. For more information about Philly Shipyard, visit www.phillyshipyard.com.

SOURCE: Philly Shipyard, Inc.

View the original press release on accesswire.com


The Philly Shipyard Stock at the time of publication of the news with a fall of -4,71 % to 4,45EUR on Frankfurt stock exchange (06. Dezember 2023, 08:21 Uhr).