AKRRF News and Press, Philly Shipyard ASA From 02/13/23

Summary At the most conservative valuation for Aker ASA, it trades substantially below the sum-of-parts valuation of its public and private holdings as an investment/industrial company. Every single one of its affiliated businesses are either backed by infrastructural or at least pseudo...

PHILADELPHIA, PA / ACCESSWIRE / February 8, 2023 / Philly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA (XOAX:PHLY), today announced that a new four-year collective bargaining agreement has been ratified by the Philadelphia Metal Trades Council (PMTC). The PMTC is th...

PHILADELPHIA, PA and VERONA, PA / ACCESSWIRE / February 1, 2023 / 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 prim...

New orders will increase shipyard's backlog to a record high exceeding USD 2 billion PHILADELPHIA, PA / ACCESSWIRE / November 2, 2022 / Philly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA (XOAX:PHLY), today announced it has been selected by Matson Navigat...

PHILADELPHIA and VERONA, PA / ACCESSWIRE / September 6, 2022 / Philly Shipyard, Inc. (PSI) and Avalotis Industrial Services (AIS), an affiliate of Avalotis Corporation, have signed a term sheet for the transfer of operations of PSI's Prime Plate Facility - a steel blasting and priming facili...

Philly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA (XOAX: PHLY), today announced the authorization by the U.S. Department of Transportation's Maritime Administration (MARAD) and subsequent order from TOTE Services, LLC (TOTE Services) for the construction of on...

Scorpio Bulkers is transitioning its business model and getting ready for the age of windmills. Selling its bulker fleet to replace it with windmill installation vessels. I figured the Biden energy agenda would be a boon to Scorpio's plan. I interview maritime technology speci...

Deep value is found at the corner of "yucky" and "no way in hell," and over the last twenty years, shipping stocks have exhibited those two characteristics a hundred times over. Alex did a great job summarizing the macro view of the shipping market in his latest article, which you can read ...