Philly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA (PHLY), has delivered the West Virginia, the fourth of four next generation 50 000 dwt product tankers that it has built for Crowley Maritime Corporation (Crowley). The vessel was delivered two weeks ahead of the contract delivery date.
This delivery is the 24th vessel built by PSI (formerly known as Aker Philadelphia Shipyard, Inc.). The next generation 50 000 dwt product tanker is based on a proven Hyundai Mipo Dockyards (HMD) design that also incorporates numerous fuel efficiency features, flexible cargo capability, and the latest regulatory requirements. The vessel has also received LNG Ready Level 1 approval from the American Bureau of Shipping (ABS). The 600 ft tanker has a carrying capacity of 14.5 million gal. of crude oil or refined products.
“Today’s delivery marks the successful completion of a four tanker series for Crowley,” remarked Philly Shipyard’s President and CEO Steinar Nerbovik. “We have appreciated a strong partnership with Crowley, stemming from the previous two Crowley tankers delivered in both 2012 and 2013, and today are proud to add these four safe and quality vessels to its growing fleet. On behalf of the men and women at the shipyard, we send our well wishes to the dedicated crew that will operate the West Virginia.”
“The delivery of the West Virginia represents our total commitment at Crowley to providing the best performance for our customers with efficiency and innovative solutions,” said Crowley’s Rob Grune, Senior Vice President and General Manager, petroleum services. “The completion of West Virginia and its sister ships demonstrates our belief in the Jones Act trade, and our commitment to supporting our economy through US shipbuilding and crewing. We congratulate Philly Shipyard for reaching this milestone, as well as the dedicated, hard working men and women who build and crew these ships.”
In line with the transaction announced by PHLY on 22 September 2015, at delivery of the West Virginia, the shipyard sold its interest in the PSI-Crowley joint venture with respect to that vessel to a subsidiary of Marathon Petroleum Corporation (MPC). The shipyard has now completely divested its interests in the PSI-Crowley joint venture.
Adapted from press release by Francesca Brindle
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