Skip to main content

Philly Shipyard Awarded Repair Contract for USNS Charlton

Written by Customer Service on . Posted in Public Companies.

Philly Shipyard, Inc., the sole operating subsidiary of Philly Shipyard ASA (OSE: PHLY), today announced it has been awarded a contract by Patriot Contract Services – the ship manager on behalf of the U.S. Navy’s Military Sealift Command (MSC) – for the repair of the USNS Charlton (T-AKR-314). The repairs will be completed in the Q3 2021 timeframe.“This is a great win for our shipyard and demonstrates our ability to acquire substantial repair jobs going forward,” said Steinar Nerbovik, Philly Shipyard’s President and CEO. “We look forward to working with Patriot as we continue on our journey as a strong partner for government projects.”The USNS Charlton is one of MSC’s large, medium-speed, roll-on/roll-off ships. With a displacement of 69,000 tons and a length of 950 feet, the vessel carries prepositioned U.S. Army tanks, armored personnel carriers, tractor-trailers, and other equipment and supplies to potential areas of conflict around the world. It also provides surge sealift support of remote military actions.This is another positive step in the company’s ambition to establish a mixed platform of ship maintenance, repair, and conversions, along with ship construction for the commercial and government new build markets.  It also marks the third government repair contract that Philly Shipyard has been awarded since the end of 2019 and their first contract with Patriot as ship manager.“Patriot is excited to further support U.S. shipyards on behalf of MSC and, specifically, Philly Shipyard’s growth platform and deepening domestic expertise,” said Ryan Libhart Pereyda, Patriot’s Principal and CEO.About Philly ShipyardPhilly Shipyard, Inc. (PSI) is a leading U.S. shipbuilder that is presently pursuing a mix of commercial and government work. It possesses a state-of-the-art shipbuilding facility and has earned a reputation as a preferred provider of oceangoing merchant vessels with a track record of delivering quality ships, having delivered around 50% of all large ocean-going Jones Act commercial ships since 2000.  PSI is the sole operating subsidiary of Philly Shipyard ASA. Philly Shipyard ASA is listed on the Oslo Stock Exchange (OSE: PHLY) and is majority-owned by Aker Capital AS, which in turn is wholly-owned by Aker ASA. Aker is an industrial investment company that exercises active ownership to create value. Aker has ownership interests in oil and gas, renewable energy and green technologies, maritime assets, marine biotechnology and industrial software, and its portfolio includes companies like Aker BP, Aker Horizons, Aker BioMarine, Cognite, Aker Solutions and Ocean Yield.For more information about Philly Shipyard, please visit www.phillyshipyard.com.About PatriotPatriot Contract Services, LLC is a leading maritime contractor to the U.S. Government, managing and operating vessels. PCS currently manages seven Ready Reserve Force (RRF) ships for the United States Maritime Administration (MARAD); eight Watson class Large Medium Speed RO-RO vessels for the United States Navy, Military Sealift Command (MSC); and a shallow draft tanker for Schuyler Line Navigation Company.For more information about Patriot, please visit www.patriotships.com.
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.