In a filing on the Oslo stock exchange, Aker Philadelphia Shipyard ASA (Oslo: AKPS) announced today that its wholly-owned subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), and an undisclosed potential buyer, have signed a non-binding term sheet regarding the construction and sale of two to four product tankers with expected delivery in 2015 and 2016.
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The global shipping order book has climbed to its highest level in nearly two decades, as a wave of tanker contracting and sustained newbuilding demand across the 2020s continues to...
Legal Gray Zone Emerges as Foreign Ships Enter Domestic Trades Under Emergency Waiver As the Trump administration’s 60-day Jones Act waiver begins reshaping U.S. coastal shipping, a more fundamental issue...
The U.S. shipbuilding crisis broke into the national spotlight this week as 60 Minutes took a closer look at the growing gap between American shipyards and their Asian rivals—something maritime industry insiders...
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