The contract to build a Rock dumper for the US market was signed in 2021 and discussed here:
$197M for a US built rock carrier. If your drive is US seagoing jobs, would have to think you could build these in china for $40M - How many more projects get done, how many more sailing jobs would there be without that initial enormous capital requirement.
If your drive is to support US shipyards - mission accomplished.
Now the steel cutting sermony for the Arcadia has been held at Philly Shipyard and attended by President Biden:
By Akayla Gardner and Jordan Fabian (Bloomberg) — President Joe Biden defended his administration’s clean energy agenda, saying it would help create jobs in the US in the face of skepticism...
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U.S. President Joe Biden meets with Lasse Johannes Petterson, CEO of Great Lakes Dredge and Dock (GLDD) and Steinar Nerbovik, CEO of Philadelphia Shipyard, Inc. (PSI) during a tour of Philly Shipyard in Philadelphia, Pennsylvania, U.S., July 20, 2023. REUTERS/Evelyn Hockstein
Biden said the
Acadia and wind farms would support hundreds of jobs, and that nine different labor unions would be involved in building the vessel. Biden hailed it as “the first vessel of its kind, that’s made in America, American owned, American operated.”
He neglected to mention that the yard is owned and operated by Philly Shipyard ASA, a Norwegian company listed on the Oslo Stock Exchange:
Philly Shipyard ASA (PHLY:OSL) company profile with history, revenue, mergers & acquisitions, peer analysis, institutional shareholders and more.
BTW; The two gentlemen with him are both Norwegians, both educated at NTNU and worked in the Aker system:
[vc_row][vc_column][stm_spacer height=”40″ height_tablet_landscape=”30″ height_tablet=”30″ height_mobile=”30″][vc_column_text] MANAGEMENT TEAM [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_single_image image=”3533″...
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PS> The vessel was designed by Ulstein Desing & Solution B.V.:
GLDD orders Jones Act compliant rock installation vessel to serve U.S. offshore wind. The vessel, an ULSTEIN S211 design, has been developed by Rotterdam based Ulstein Design & Solutions B.V. and will be constructed by Philly Shipyard. The...
I haven’t seen any equipment list for this vessel yet.(??)
Announcment from Ulstein today:
The equipment will be European. So will the financing.
Five times as many Norwegians in the US than there are in Norway. The USA door is wide open for foreign investors with $500,000 or more, executives, and skilled labor.
Norways population at the moment are 5.408 Mill.
In the definition of a Norwegian American (norskamerikaner in Norwegian) we've taken into account direct ancestry. There are more than 4,5 million Norwegian Americans in the USA at the moment, and most of the Norwegian immigrants came in the late...
Probably right but I have not seen any equipment list yet
So will the financing.
More work for Philly Shipyatd:
Philly Shipyard, Inc. today announced the contract award to conduct the T-AH(X) Hospital Ship Feasibility Study for Gibbs and Cox, a Leidos Inc. company. The six-month design study will cover a solution for preliminary designs to replace the two...
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Wow, the place went from a skeleton security crew warding off junkie scrappers to a prominent shipbuilding facility again!
It just took a little help from a fellow called Kjell Inge Røkke and his Aker Group:
Since delivering its first vessel in 2003, Philly Shipyard has delivered more than 50% of all Jones Act ocean-going merchant ships including containerships, product tankers, and large crude oil tankers.