The Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), announced today that the Commonwealth of Pennsylvania has agreed to fund the purchase of certain APSI assets worth USD 42 million to finance the construction of two newbuild Jones Act tankers.
The vessels would be the 17th and 18th vessels constructed at the yard. The Commonwealth’s approval makes effective an agreement between APSI and the Philadelphia Shipyard Development Corporation (PSDC), announced January 2, to actively seek two new orders.
