Aker Philadelphia Shipyard Delivers Seventh Product Tanker
to American Shipping Company (11.06.09)

Delivery is the eleventh made by the shipyard since its re-opening in 1998

Aker Philadelphia Shipyard (Oslo: AKPS) delivered its seventh MT-46 Veteran Class Product Tanker to American Shipping Company (Oslo: AMSC) today. The vessel, part of a 12 ship series, will leave the yard under the operation of OSG America and will be used to transport petroleum products for Tesoro. The 600 foot long product tanker is the second of four vessels planned to be utilized by Tesoro. Last week a small naming ceremony was held to officially name the ship the Overseas Nikiski, a name chosen after the small community of Nikiski, located in the Kenai Peninsula Borough of Alaska.

Aker Philadelphia Shipyard currently has three other ships at various stages of construction being built at the yard as part of its historic build program.

Aker Philadelphia Shipyard is a leading U.S. commercial shipyard constructing vessels for operation in the Jones Act market. It possesses a state-of-the-art shipbuilding facility and has earned a reputation as the preferred provider of oceangoing merchant vessels with a track record of delivering quality ships. Aker Philadelphia Shipyard is a member of the Norwegian-based Aker family of global companies, leaders in global growth markets including energy technologies, energy resources, maritime technologies, seafood and marine biotechnology.

American Shipping Company (AMSC) owns and leases world-class quality vessels for operation between ports in the United States. When the current series of twelve tankers is completed in 2011, AMSC will own the most modern product tanker fleet in the United States; and it will be the first company in the United States to own shuttle tankers for use in the U.S. Gulf of Mexico.

Aker Philadelphia Shipyard