This article needs to be updated.(March 2012) |
Company type | Public company |
---|---|
Industry | Shipping Shipyard |
Founded | 1996 |
Headquarters | Oslo, Norway |
Area served | United States |
Key people | Dave Meehan (CEO) |
Revenue | US$254 million (2005) |
$13 million (2005) | |
$9 million (2005) | |
Number of employees | 1,300 (November, 2007) [1] |
Website | www.akership.com |
American Shipping Company ASA (OSE : AMSC), formerly known as Aker American Shipping ASA, is a Norwegian-American shipping and shipyard company and part of the Aker Group. [2] [3] Aker ASA originally owned 53.2% of the company, and in 2008 reduced its ownership share to 19.9%. [4] [5] The company is listed on the Oslo Stock Exchange and is headquartered in Oslo, Norway. It was reported in November 2007 that the company has approximately 1,300 employees. [1]
American Shipping Company consists of the shipyard, Aker Philadelphia Shipyard, and the shipping company, American Shipping Corporation (ASC). Aker American Shipping builds merchant vessels for companies [5] operating under the Jones Act, and through its subsidiaries, owns and leases those ships as well.
The Jones Act requires all water transport between US ports to be operated by US-flag ships and requires US-flag ships to be built in US shipyards, owned by US citizens, and operated by an American crew.
Aker Philadelphia Shipyard, originally Kværner Philadelphia Shipyard, [6] began as a product of a partnership of public and private investments used to rebuild and convert 110 acres (0.45 km2) of the former Philadelphia Naval Shipyard, which was closed in 1995. After the acquisition of Kværner, Aker took ownership of the yard.
In 2006, Aker Philadelphia Shipyard delivered the final vessel in a four-ship series of containerships to Matson Navigation Company. With that, the yard transitioned to building a series of Veteran Class MT46 double-hulled product tankers for bareboat charter to Overseas Shipholding Group, a build program that extends into 2012.[ citation needed ]
Kjell Inge Røkke is a Norwegian businessman.
The Philadelphia Naval Shipyard was the first United States Navy shipyard and was historically important for nearly two centuries.
Kværner was a Norwegian engineering and construction services company that existed between 1853 and 2005. In 2004, it was amalgamated into the newly formed subsidiary of Aker ASA - Aker Kværner, which was renamed Aker Solutions on 3 April 2008. Kværner re-emerged on 6 May 2011, when the EPC part of Aker Solutions took the Kværner name. The new Kværner company was listed on the Oslo Stock Exchange on 8 July 2011.
Aker Solutions ASA is a Norwegian engineering firm headquartered in Oslo. The firm's production is focused on energy infrastructure, including systems and services required to de-carbonize oil and gas production, build wind-to-grid infrastructure and engineer CO2 capture and sequestration.
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Aker may refer to:
BW Group is a maritime company involved in shipping, floating gas infrastructure and deep-water oil & gas production. The company has over 490 vessels managed by an international team of over 12,000 staff worldwide. The group was founded by Sir Yue-Kong Pao in Hong Kong in 1955 as World-Wide Shipping. In 2003, the company acquired Bergesen d.y. ASA, Norway's largest shipping company, which was founded in 1935 by Sigval Bergesen the Younger. In 2005, the business was re-branded as BW. With its LNG and LPG fleets combined, BW Group owns and operates the world's largest gas shipping fleet of more than 200 gas vessels, including five FSRUs. Hafnia, a member of the BW Group, operates the world's largest fleet of oil product tankers, and BW Offshore comprises the second largest number of floating oil and gas production units (FPSOs). BW's controlled fleet of over 490 ships also includes crude oil supertankers and dry bulk carriers.
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Aker ASA is a Norwegian industrial investment company with ownership interests concentrated in oil and gas, renewable energy and green technologies, industrial software, seafood and marine biotechnology sectors. The company is listed on Oslo Stock Exchange. Aker's main shareholder is Kjell Inge Røkke, who owns 68.2% per cent of Aker through his company TRG Holding AS. The corporate headquarters are located in Fornebu, Norway. Aker was established in 1841 when Akers Mekaniske Verksted was founded in Oslo.
Philly Shipyard, formerly Aker Philadelphia Shipyard, is a commercial shipyard located in Philadelphia, Pennsylvania, United States on part of the site of the Philadelphia Naval Shipyard. The commercial yard began after the United States Navy had ended most of its operations at the site.
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USS Chestnut Hill (ID-2526) was a commercial tanker that served briefly with the United States Navy during World War I. The ship was ordered as Desdemona for British service but requisitioned by the United States Shipping Board (USSB) for U.S. service and renamed Chestnut Hill before completion. After commissioning and assignment to the Naval Overseas Transportation Service (NOTS) the ship served as an escort and fueling ship for fleets of U.S. submarine chasers crossing the Atlantic.
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