PHILLY SHIPYARD ASA AKRRF overview

PHILADELPHIA, PA / ACCESSWIRE / June 20, 2024 / 20 June 2024: Philly Shipyard ASA (XOAX:PHLY) (" PHLY " or the " Company ") has entered into a share purchase agreement (the " SPA ") with both Hanwha Systems and Hanwha Ocean (together " Hanwha "), for the purchase of Philly Shipyard, Inc. (" PSI "), the sole operating subsidiary of PHLY (the " Transaction "). The Transaction will result in the Company selling all of its business against receiving a cash consideration of USD 100 million (the "...

PHILADELPHIA, PA / ACCESSWIRE / April 24, 2024 / Philly Shipyard, Inc. ("Philly Shipyard"), the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), and HD Hyundai Heavy Industries Co., Ltd. ("HHI"), a subsidiary of HD Hyundai Group, signed a memorandum of understanding (MOU) to explore a potential business relationship relating to future U.S. government shipbuilding projects as well as maintenance, repair and overhaul (MRO) projects. The MOU was signed during a visit from HHI to...

NSMV V to be delivered to California State University Maritime Academy in 2026 PHILADELPHIA, PA / ACCESSWIRE / February 9, 2024 / TOTE Services, LLC, (TOTE Services), Philly Shipyard, Inc., (Philly Shipyard) and California State University Maritime Academy (Cal Maritime) today celebrated the cutting of steel for the fifth National Security Multi-Mission Vessel (NSMV) destined for Cal Maritime in Vallejo, California. This ceremonial event signifies the start of construction for the vessel and...

PHILADELPHIA, PA / ACCESSWIRE / December 6, 2023 / TOTE Services, LLC ("TOTE Services"), an affiliate of TOTE, LLC ("TOTE Group"), and Philly Shipyard, Inc. ("Philly Shipyard"), the sole operating subsidiary of Philly Shipyard ASA (OSL:PHLY), today marked a significant construction milestone at a keel laying ceremony for the fourth of five new purpose built, state-of-the-art training vessels for America's state maritime academies. The U.S. Department of Transportation's Maritime Administration...

Program designed to provide state-of-the-art training vessels to five state maritime academies PHILADELPHIA, PA / ACCESSWIRE / September 8, 2023 / Philly Shipyard, Inc. ("Philly Shipyard"), the sole operating subsidiary of Philly Shipyard ASA (Oslo:PHLY), today delivered the Empire State , the first of five new purpose-built, modern training vessels for America's state maritime academies. The U.S. Department of Transportation's Maritime Administration (MARAD) new vessel program - known as...

PHILADELPHIA, PA / ACCESSWIRE / July 20, 2023 / Philly Shipyard, Inc. ("Philly Shipyard"), the sole operating subsidiary of Philly Shipyard ASA (Oslo:PHLY) and Great Lakes Dredge & Dock Company, LLC ("Great Lakes") (NASDAQ:GLDD), the largest provider of dredging services in the United States, today celebrated the cutting of steel for the Jones Act-compliant Subsea Rock Installation Vessel (SRIV). When complete, the SRIV will be the first such ship to enter the U.S. offshore wind market. "Today...

PHILADELPHIA, PA / ACCESSWIRE / July 12, 2023 / Philly Shipyard, Inc. ("Philly Shipyard"), the sole operating subsidiary of Philly Shipyard ASA (Oslo:PHLY) today announced the contract award to conduct the T-AH(X) Hospital Ship Feasibility Study for Gibbs and Cox, a Leidos Inc. company. The six-month design study will cover a solution for preliminary designs to replace the two current hospital ships - USNS Mercy and USNS Comfort - owned by the U.S. Navy and operated by Military Sealift Command...

PHILADELPHIA and VERONA, PA / ACCESSWIRE / September 6, 2022 / Philly Shipyard, Inc. (PSI) and Avalotis Industrial Services (AIS), an affiliate of Avalotis Corporation, have signed a term sheet for the transfer of operations of PSI's Prime Plate Facility - a steel blasting and priming facility located outside the shipyard fence-line in the Navy Yard business park. AIS plans to assume full operational control of this facility while servicing all of PSI's plate priming requirements for its...