Philly Shipyard

Great Lakes Dredge & Dock Co. Announces Significant Status Update on its Maritime Administration (“MARAD”) Title XI Financing Application

Retrieved on: 
Thursday, December 21, 2023
PSLRA, Wind, Joe Biden, Wind power, MARAD, Title, Philly Shipyard, Safety, GLDD, Security (finance), Dredging

Great Lakes’ Senior Vice President of Offshore Wind, Eleni Beyko commented, "The demand for installation vessels is strong both in the domestic and the international offshore wind markets.

Key Points: 
  • Great Lakes’ Senior Vice President of Offshore Wind, Eleni Beyko commented, "The demand for installation vessels is strong both in the domestic and the international offshore wind markets.
  • In addition, Great Lakes is fully engaged in expanding its core business into the rapidly developing offshore wind energy industry.
  • Great Lakes cautions investors that any forward-looking statements made by Great Lakes are not guarantees or indicative of future events.
  • Although Great Lakes believes that its plans, intentions and expectations reflected in this press release are reasonable, actual events could differ materially.

Third Offshore Wind Rock Installation Contract Awarded to Great Lakes Dredge & Dock Corporation

Retrieved on: 
Monday, December 4, 2023
PSLRA, Wind, Philly Shipyard, Transport, Safety, Employment, GLDD, Security (finance), Senior, Dredging

HOUSTON, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today that it was awarded a third rock installation contract to perform subsea rock cable protection on an offshore wind project off the East Coast of the United States.

Key Points: 
  • HOUSTON, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today that it was awarded a third rock installation contract to perform subsea rock cable protection on an offshore wind project off the East Coast of the United States.
  • Eleni Beyko, Senior Vice President, Offshore Wind at Great Lakes, commented, “This award further solidifies Great Lakes’ entry into the U.S. offshore wind market with another major project award.
  • In addition, Great Lakes is fully engaged in expanding its core business into the rapidly developing offshore wind energy industry.
  • Great Lakes cautions investors that any forward-looking statements made by Great Lakes are not guarantees or indicative of future events.

Overseas Shipholding Group Reduces Outstanding Debt

Retrieved on: 
Monday, October 23, 2023
Maritime, Energy, Transport, Oil, Gas, OSG, Bankhead–Jones Act of 1935, Overseas Shipholding Group, MP, Public expenditure, Acquisition, Merchant Marine Act of 1920, Philly Shipyard, DPO, AMSC, Veteran, Bank

Prior to their recent acquisition by a Jones Act qualified subsidiary of the MP Fund, these seven vessels were previously owned indirectly by AMSC ASA (“AMSC”).

Key Points: 
  • Prior to their recent acquisition by a Jones Act qualified subsidiary of the MP Fund, these seven vessels were previously owned indirectly by AMSC ASA (“AMSC”).
  • The transaction presented OSG with an opportunity to reduce its overall outstanding debt while also simplifying the underlying arrangements that govern the relationship between OSG and the new vessel owners.
  • OSG prepaid all of its remaining outstanding DPO, which date back to an agreement made with AMSC in 2005, at a 14% discount to the aggregate outstanding DPO liability of $6.5mm.
  • Commenting on the transaction, Sam Norton, OSG’s President and CEO said, “Opportunistic repayment of outstanding debt has been one of the principal targets that OSG has set for the productive use of the surplus cashflow being generated by our vessel operations.

Award-Winning Biotech Training Program Connects Philadelphians with Quality Jobs in the Region’s Rapidly Growing Life Sciences Sector

Retrieved on: 
Monday, August 14, 2023
Molecular biology, Philadelphia Naval Shipyard, Member of Congress, Associate, American Chamber of Commerce in the People's Republic of China, Chamber, Patient, Wistar Institute, CRA, Cell, Commercial, Certified Research Administrator, Commerce, Interview, CHOP, Philly Shipyard, PIDC, Research, Literacy, Organization, Caribbean Programme for Economic Competitiveness, Good, GED, Growth, University City Science Center, Learning, Employment, TIL, Curriculum, Wistar, Cancer, CCP, Workforce, Operation, Partnership, Education, Doctor of Philosophy, Navy Yard, Woman, Student, City, Shipyard, Navy, Reading, Ecosystem, Pharmaceutical industry, Tutoring, Management, Nursing, Shipbuilding, Creative industries, Greater, Iovance Biotherapeutics

In a field that often requires PhDs or master’s degrees for most roles, the program – “Biomedical Technician Training Program: Aseptic Manufacturing” – creates opportunities for Philadelphians with at least a high school equivalency.

Key Points: 
  • In a field that often requires PhDs or master’s degrees for most roles, the program – “Biomedical Technician Training Program: Aseptic Manufacturing” – creates opportunities for Philadelphians with at least a high school equivalency.
  • The initiative is one way the region is working together to meet the talent needs in its rapidly growing cell and gene therapy sector.
  • The program connects Philadelphians to robust biomedical training at The Wistar Institute and offers program graduates a direct path to full-time, career-ladder employment as Associate Aseptic Manufacturing Technicians at Iovance.
  • Calibrated specifically to meet the needs of a burgeoning sector, the Biomedical Technician Training Program is designed for replication across industry employers.

President Biden Attends Steel Cutting Ceremony for The Acadia, Great Lakes’ Offshore Wind Subsea Rock Installation Vessel

Retrieved on: 
Thursday, July 20, 2023
Employment, GLDD, Philly Shipyard, PSLRA, Environmental policy of the Joe Biden administration, Great, Steel, Bankhead–Jones Act of 1935, Wind, International Safety Management Code, Growth, Security (finance), OSE, Safety, Lake, Dredging

In 2021, the Biden Administration announced the ambitious goal of 30 GW of offshore wind by 2030 and provided $3.0 billion in federal loan guarantees for offshore wind projects.

Key Points: 
  • In 2021, the Biden Administration announced the ambitious goal of 30 GW of offshore wind by 2030 and provided $3.0 billion in federal loan guarantees for offshore wind projects.
  • The Acadia represents Great Lakes’ entry into the U.S. offshore wind market which supports this key initiative.
  • We are pleased to get construction started as Great Lakes has already won contracts for this Jones Act compliant vessel.
  • In addition, Great Lakes is fully engaged in expanding its core business into the rapidly developing offshore wind energy industry.

Great Lakes Dredge & Dock Corporation Awarded Large-Scale U.S. Offshore Wind Rock Installation Project

Retrieved on: 
Monday, May 2, 2022
Electric Bond and Share Company v. Securities and Exchange Commission, Jones Act, Wind, Private Securities Litigation Reform Act, Empire, Employment, Senior, Securities Exchange Act of 1934, NASDAQ, GLOBE, II, Company, NYSE, New, Safety, Safety management system, BP, Security (finance), NYSERDA, Industry, Knowledge, Philly Shipyard, Electricity, Lake, Intention, GLDD, SEC, PSLRA, Foundation, Farm, Renewable energy, Equinor

Eleni Beyko, Senior Vice President-Offshore Wind at Great Lakes, commented, This award by Equinor and bp solidifies Great Lakes entry into the U.S. offshore wind market with a major project award for one of the flagship offshore wind developments for the State of New York.

Key Points: 
  • Eleni Beyko, Senior Vice President-Offshore Wind at Great Lakes, commented, This award by Equinor and bp solidifies Great Lakes entry into the U.S. offshore wind market with a major project award for one of the flagship offshore wind developments for the State of New York.
  • Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States.
  • In addition, Great Lakes is fully engaged in expanding its core business into the rapidly developing offshore wind energy industry.
  • Great Lakes cautions investors that any forward-looking statements made by Great Lakes are not guarantees or indicative of future events.

Capital Link’s Jones Act & U.S. Flag Shipping Forum

Retrieved on: 
Wednesday, February 23, 2022
Kirby Corporation, Overseas Shipholding Group, Public, Senior advisor, Corporation, NYSE, VP, Philly Shipyard, Senior, AMP, MATX, Community Relations Service, KEX, Government, OSG, Management, Private investigator

Latest industry and financial reports, white papers, company videos, latest presentations and more can be viewed on demand or saved into your briefcase and reviewed at your convenience

Key Points: 
  • Latest industry and financial reports, white papers, company videos, latest presentations and more can be viewed on demand or saved into your briefcase and reviewed at your convenience
    DAY 1 February 24, 2022
    Mr. Joel M. Wine, Executive Vice President & Chief Financial Officer Matson, Inc. (NYSE: MATX)
    Mr. Matt Woodruff, Vice President of Public & Government Affairs Kirby Corporation (NYSE: KEX)
    Ms. Susan Allan, VP General Counsel & Corporate Secretary Overseas Shipholding Group (NYSE: OSG)
    Ms. Marcia Blount, President / CFO Blount Boats Inc.
    Mr. James H. Miller, Senior Advisor Philly Shipyard, Inc. (NO: PHLY)
    Mr. Ku'uhaku Park, Senior Vice President, Government and Community Relations Matson Navigation Co., Inc. (MATX); President - American Maritime Partnership (AMP)
    DAY 2 FEBRUARY 25, 2022

Trade Students Compete in Project MFG's Welding Competition During U.S. Navy's Pennsylvania Workforce Pipeline Project Career Discovery Event

Retrieved on: 
Thursday, November 4, 2021
CTE, Economic development, Industry, IBAS, Welding, Government, Student, Industrial policy, Department, Investment, School District of Philadelphia, Department of Defence, Solution, Multimedia, Workforce, Global, Program, Revolution, Philly Shipyard, Judge Advocate General's Corps, U.S. Navy, U.S. Department of Defense Strategy for Operating in Cyberspace, Rear, Perception, PEO, LLC, Commonwealth, Acquisition, United States Department of Defense, School, Thaddeus Stevens College of Technology, Institute of technology, MFG, Medicine, Creative industries, Management, Online shopping

In parallel, area students who are pursuing careers in disciplines like welding, machining, and electrics will have an opportunity to gain experience and exposure during Pennsylvania Workforce Pipeline Project's Career Discovery & Recruiting Event.

Key Points: 
  • In parallel, area students who are pursuing careers in disciplines like welding, machining, and electrics will have an opportunity to gain experience and exposure during Pennsylvania Workforce Pipeline Project's Career Discovery & Recruiting Event.
  • The Pennsylvania Workforce Pipeline Project will energize the greater Philadelphia region and expand across Pennsylvaniaby mobilizing a defense-focused workforce pipeline designed to meet the current and future maritime demand for highly specialized trades.
  • Ms. Adele Ratcliff, IBAS Program Director stated, "Project MFG is not only an exciting and technically complex skills competition, but a key enabler towards helping the Pennsylvania Workforce Pipeline Project grow skilled technical trade professionals in the Philadelphia region.
  • As an integrated workforce development and recruitment effort, Project MFG collaborates across academic, industrial and government communities to expand the U.S. industrial base workforce.

Matson Takes Delivery Of 'Matsonia'

Retrieved on: 
Friday, December 18, 2020
Geography of Hawaii, Hawaii, Countries, Dole Food Company, Matson, Inc., Philly Shipyard, Kaimana Hila, Daniel Inouye, Kanaloa, Honolulu, Aloha Airlines, Matson

HONOLULU, Dec. 18, 2020 /PRNewswire/ -- Matson, Inc. (NYSE:MATX), a leadingU.S.carrier in the Pacific,today took delivery of Matsonia, the second of two new Kanaloa Class combination container / roll-on, roll-off ("con-ro") ships built for Matson by General Dynamics NASSCO.

Key Points: 
  • HONOLULU, Dec. 18, 2020 /PRNewswire/ -- Matson, Inc. (NYSE:MATX), a leadingU.S.carrier in the Pacific,today took delivery of Matsonia, the second of two new Kanaloa Class combination container / roll-on, roll-off ("con-ro") ships built for Matson by General Dynamics NASSCO.
  • Built by Philly Shipyard, Matson's new Aloha Class containerships, Daniel K. Inouye and Kaimana Hila, entered service in 2018 and 2019, respectively.
  • "Together with the modernization and expansion of our Honolulu terminal, these investments position Matson to provide efficient, reliable service to Hawaii for decades to come."
  • Matson provides a vital lifeline to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia.

Philly Shipyard Will Participate in the U.S. Navy T-AGOS Industry Studies

Retrieved on: 
Wednesday, September 16, 2020
Defense, Maritime, Transport, Other Defense, Contracts, Philly Shipyard, Shipyard

Upon completion of the industry studies, bidders will compete for the DD&C contract.

Key Points: 
  • Upon completion of the industry studies, bidders will compete for the DD&C contract.
  • Steinar Nerbovik, Philly Shipyard President and CEO, remarked Philly Shipyard is excited to take part in these industry studies.
  • Philly Shipyard is now participating in industry studies for three U.S. Government shipbuilding programs, including the T-AGOS program.
  • Philly Shipyard, Inc. (PSI) is a leading U.S. shipbuilder that is presently pursuing a mix of commercial and government work.