Must be nice to have a megarich dad!

oh well, sour grapes I guess for a man who made his first fortune in the Bering Sea with supposed US built factory trawlers which were in fact 99.9% Norwegian built. Kjell Rokke was not even a US citizen when he reaped his windfall!

[B]Kristian Rokke to step down as Aker Philly CEO[/B]

Kristian Rokke

MARCH 19, 2014 — Aker Philadelphia Shipyard ASA (Oslo: AKPS) announces that Kristian Rokke, AKPS’s President and CEO, has been nominated to be Executive Chairman of the Board of Directors of AKPS. This nomination is expected to be approved at the Company’s Annual General Meeting on April 9, 2014. Steinar Nerbovik, who is currently Senior Vice President of Operations of Aker Philadelphia Shipyard, Inc., AKPS’s wholly-owned subsidiary (APSI), will assume the position of Managing Director of both AKPS and APSI.

As Executive Chairman, Mr. Rokke will continue to have an active role in AKPS’s activities and plans to remain full-time in Philadelphia, PA until the end of 2014. At the end of this transition period, Mr. Rokke will become Chairman of the Board of Directors of AKPS with customary responsibilities and assume another position within the Aker group.

Mr. Rokke remarked, “Serving as CEO has been an honor and I look forward to contributing to the growth of AKPS in a new role. The company is embarking on a new era and Steinar, with his international shipbuilding experience and intimate knowledge of APSI, is uniquely qualified to guide the shipyard through its record backlog.” Mr. Rokke continued, “The market continues to be strong and I will focus primarily on maximizing the opportunities surrounding our available slots and shipping assets, while Steinar will manage the day-to-day operations as he has for the past year.”

The other individuals joining Mr. Rokke on the Board of Directors are expected to be Audun Stensvold, Amy Humphreys and Elin Karfjell. Mr. Stensvold and Ms. Humphreys have been recommended by the Nomination Committee of AKPS for re- election at the next Annual General Meeting. Ms. Karfjell’s current term does not expire until 2015. Jim Miller, who has served as Board Chairman since 2011, and Manuel Stamatakis, who has served on the Board since 2011, will withdraw from the Board.

“Jim has been instrumental in the development of AKPS over many years. He is a leader of the highest-caliber and I would like to thank him for all that he has done for the organization,” said Mr. Rokke. Regarding Mr. Stamatakis, Mr. Rokke commented, “Manny has been a staunch supporter of the shipyard from its inception and has worked diligently with us during both good and challenging times. We look forward to continuing to work together to support manufacturing jobs in Philadelphia and the Commonwealth of Pennsylvania.”

Steinar Nerbovik (b. 1961) was appointed SVP Operations in 2013. Prior to this, Mr. Nerbovik served as SVP Yard Director for Norwegian Shipyard VARD Langsten (former Aker Yards and STX OSV Langsten), a leading provider of sophisticated offshore support vessels. Mr. Nerbovik first joined Aker Philadelphia Shipyard in 2003 as Vice President Projects. Mr. Nerbovik has held other management positions as combined Design Manager and Project Manager at Aker Langsten from 1991 - 2003. Mr. Nerbovik holds a Master of Science in Ship Naval Engineering from the Norwegian Institute of Technology (NTNU) in Trondheim. Mr. Nerbovik lives in Philadelphia, PA, USA. Mr. Nerbovik is a Norwegian citizen. As of February 1, 2014, Mr. Nerbovik holds 1,000 shares in the company and has no stock options.

Mr. Rokke (b. 1983) was appointed President & CEO of Aker Philadelphia Shipyard in April 2011. Mr. Rokke joined AKPS in 2007 and has held various roles, including SVP Operations and Senior Shop Manager. Mr. Rokke has experience from offshore service and shipbuilding from several companies in the Aker group. Mr. Rokke is a Board Member of TRG Holding AS which owns 66.7% of Aker ASA. Mr. Rokke lives in Philadelphia, PA, and is currently earning his MBA at The Wharton School, which will be completed in May 2014. Mr. Rokke is both a Norwegian and United States citizen. As of February 1, 2014, Mr. Rokke holds zero shares in the company and has no stock options.

At least Kjell Rokke earned it.

Aker Philadelphia Shipyard is a Norwegian shipyard that just happens to be located in the US, so that it can build Jones Act qualified vessels. That’s ok with me. Let the Norwegians teach us how to build state of the art ships at a competitive cost in America again. (Competitive cost with Norway, that is).

Its Interesting that Amy Humphries is being appointed to the Aker Philadelphia board. She is the president of Icicle Seafoods in Seattle.

I thought Jones act meant flat top barge with a porta cabin welded to it or is that just in the GoM?

[QUOTE=powerabout;133335]I thought Jones act meant flat top barge with a porta cabin welded to it or is that just in the GoM?[/QUOTE]

[QUOTE=powerabout;133335]I thought Jones act meant flat top barge with a porta cabin welded to it or is that just in the GoM?[/QUOTE]

Isn’t that the truth. I watched Harvey Gulf’s new boat “Jim Davis” towed down Bayou Lafourche yesterday and it fit the bill: barge with a bow. It looked really odd with a small structure. I was told they have to do this to fit under all of the draw bridges from Lockport to Fourchon. Sooner or later these shipbuilders will be forced to relocate due to the size of new vessels.

You should’ve seen the AIVIQ when it was being built and how the managed to tow it to Houma. A barge on one end to hold up the stern and a big dry dock on the other to hold up the bow. This is how they managed the shallow depths of the Intracoastal. They still got stuck several times. Once in Houma they put the cabin on the vessel ( since it wouldn’t fit down the intracoastal with it already installed) and used the same method of shallowing the draft to bring it through Cat Island Pass.

I wonder whether Aker Philadelphia will start building big construction vessels and OSVs for the US market.

[QUOTE=tugsailor;133462]I wonder whether Aker Philadelphia will start building big construction vessels and OSVs for the US market.[/QUOTE]

I don’t. see that happening

Did you buy shares in Aker Philly back when it was about to go belly up and everybody said Kjell Inge Rokke was crazy to put money on a dead horse??
Well, if you did you would be laughing all the way to the bank now:

Damn, with Røkkes track record, I seriously want to put money into SolstadFarstad shares. But I would be stupid to save in the same industry that I work.

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Invest while it’s cheap.