November 30, 2022

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Veli Shipbuilding Contract Over 10 Billion NOK - E24

Veli Shipbuilding Contract Over 10 Billion NOK – E24

The shipyard dominated by Kjell Inge Røkke will build three gas-powered container ships for Matson.

Gets a Billion Contract: Head Christian Roque at Philly Shipbuilding.
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Philly Shipyard has been awarded a nearly $1 billion contract to build three gas-powered container ships, the company said In the stock market announcement Wednesday evening.

This corresponds to more than 10.4 billion Norwegian kroner at today’s exchange rate.

The agreement increases Philly Shipyard’s order backlog to more than $2 billion, equivalent to NOK 20.8 billion. It is the highest in the yard’s 25-year history, according to the report. The ships will be delivered in 2026 and 2027.

Winning this order creates a historic warrant reserve for Philly Shipyard, as well as providing good visibility into 2027 for shareholders and other stakeholders, Chairman Christian Roque says in the letter.

Read on E24 +

Comment: This is how lucky PGS shareholders should act now

Kjell Inge Røkkes Aker is the largest owner in Philly Shipyard through Aker Capital, which owns about 57.5 percent of the shares in the company. The shipyard is located in Philadelphia, Pennsylvania, USA.

The largest was built in the USA

There are three Aloha class vessels to be built for Matson Shipping.

It’s the largest type of container ship ever built in the United States, with a capacity of 3,600 20-foot containers, according to Mattson. The ships will be powered by liquefied natural gas (LNG).

Our current Aloha Class vessels are among the fastest and most efficient in the Matson fleet, says Matson CEO Matt Cox in a press release.

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Philly Shipyard previously delivered two other Aloha-class ships to Matson.

According to Cox, the ships will be used between Long Beach, California in the US and China, and like their other ships in this class will contribute to reaching Matson’s 2030 goal of reducing greenhouse gas emissions.

The three new ships will replace three ships in use on the road today. These ships, in turn, will replace older ships used in Alaska, according to Matsons press release.

– So proud

Philly Shipyard previously delivered two Aloha-class container ships to Matson, in 2018 and 2019. Between 2003 and 2006, the yard also delivered four container ships for the company.

Steinar Nerbøvik, director of Philly Shipyard, refers to it as the “ultimate complement” that a former customer is returning to.

We are very proud and proud that Mattson has once again chosen Philly Shipyard to build its ships, says Nerbøvik in the letter.