Company News

08 Feb
Aug (7)
Philly Shipyard Announces Ratification of Four-Year Collective Bargaining Agreement

Philly Shipyard, Inc. (PSI) today announced that a new four-year collective bargaining agreement has been ratified by the Philadelphia Metal Trades Council (PMTC). The PMTC is the exclusive bargaining representative for Production and Maintenance employees at PSI and consists of nine unions.

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01 Feb
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Philly Shipyard & Avalotis Industrial Services Finalize Transfer of Prime Plate Facility Operations

Philly Shipyard, Inc. (PSI) and Avalotis Industrial Services (AIS), an affiliate of Avalotis Corporation, have reached a definitive agreement 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.

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18 Jan
NSMV IV Steel Cutting (5)
National Security Multi-Mission Vessel (NSMV) Program Achieves Milestone with Steel Cutting of Fourth Ship

TOTE Services, LLC, (TOTE Services), Philly Shipyard, Inc., (Philly Shipyard) and Texas A&M University at Galveston today celebrated the cutting of steel for the fourth National Security Multi-Mission Vessel (NSMV) destined for the Texas A&M Maritime Academy in Galveston, Texas.

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02 Nov
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Philly Shipyard Wins USD 1 Billion Contract to Build Three Aloha Class LNG-Fueled Containerships for Matson

Philly Shipyard today announced it has been selected by Matson Navigation Company, Inc. to construct three Aloha Class LNG-fueled containerships. The award is valued at approximately USD 1 billion. The vessels are contracted for delivery in 2026 and 2027 and will not require external financing by PSI.

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29 Sep
Keel Laying NSMV II (13)
National Security Multi-Mission Vessel Program Achieves Construction Milestone with Second Keel Laying

Philly Shipyard, Inc. and TOTE Services, LLC today marked a significant construction milestone at the keel laying ceremony for the second of five new purpose built, state-of-the-art training vessels for America’s state maritime academies known as National Security Multi-Mission Vessel (NSMV) program.

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06 Sep
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Philly Shipyard & Avalotis Industrial Services Sign Term Sheet for Transfer of Prime Plate Facility Operations

Philly Shipyard, Inc. and Avalotis Industrial Services 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.

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11 Jul
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National Security Multi-Mission Vessel (NSMV) Program Achieves Milestone with Steel Cutting of Third Ship

TOTE Services, LLC and Philly Shipyard, Inc. celebrated the cutting of steel for the third National Security Multi-Mission Vessel (NSMV) destined for the Maine Maritime Academy.

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25 May
Philly Shipyard Health, Safety & Environment (HSE) team - May 2022
Philly Shipyard Receives National Shipbuilders “Excellence in Safety” Award

Philly Shipyard, Inc. received SCA’s 2022 “Excellence in Safety” award. SCA, the national association representing the U.S. shipyard industry, honors companies with annual safety awards for enhancement of operations and promotion of safety and accident prevention.

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20 Apr
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Philly Shipyard ASA: Minutes from the Annual General Meeting

The 2022 annual general meeting of Philly Shipyard ASA was held today as a digital meeting with online participation. All resolutions were made in accordance with the proposals set out in the meeting notice.

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