Philly Shipyard ASA (AKRRF)
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Philly Shipyard ASA Profile
| Aerospace & Defense Industry | Industrials Sector | Steinar Nerbovik CEO | OTC PINK Exchange | NO0010395577 ISIN |
| NO Country | 504 Employees | - Last Dividend | 17 Jan 2014 Last Split | - IPO Date |
Overview
Philly Shipyard ASA is a prominent entity in the shipbuilding industry, focusing mainly on serving the United States Jones Act market as well as government contracts. The company is placed strategically with a robust operation that encompasses building and repairing ocean-going merchant vessels. Established originally as Aker Philadelphia Shipyard ASA, it underwent a name change to Philly Shipyard ASA in December 2015, marking a significant phase in its corporate evolution. Founded in 1997, the company has rooted its headquarters in Oslo, Norway, symbolizing its global stance yet deep Scandinavian roots. Philly Shipyard ASA operates as a vital subsidiary of Aker Capital ASA, indicating its considerable importance within the larger Aker business ecosystem.
Products and Services
The spectrum of products and services provided by Philly Shipyard ASA encompasses a wide variety of ocean-going merchant vessels, signifying the company's capacity to fulfill diverse market demands and operational requirements in the maritime sector.
- Containerships: These vessels are designed for the efficient transport of containerized cargo. Philly Shipyard's expertise in constructing containerships ensures that they meet the high standards of speed, capacity, and fuel efficiency required by modern shipping operations.
- Product Tankers: Specialized vessels for transporting refined oil products. The shipyard constructs product tankers that adhere to the highest safety and environmental standards, catering to the critical needs of the energy transportation sector.
- Aframax Tankers: Aframax tankers, known for their mid-sized cargo capacities, are built to transport crude oil. Philly Shipyard is capable of delivering these vessels which play a pivotal role in global oil logistics, balancing size and maneuverability for optimal operational performance.
- National Security Multi-Mission Vessels (NSMVs): These are highly specialized ships configured to support national security and emergency response initiatives. Philly Shipyard participates in strengthening national security infrastructure by constructing vessels that can fulfill multiple mission criteria, from training maritime cadets to providing humanitarian aid and disaster relief.
