Philly Shipyard in talks for four Jones Act boxships

Philly Shipyard in talks for four Jones Act boxships

Philly Shipyard says it has initiated construction of up to four new containerships with deliveries in 2020 and 2021, and is actively promoting the formation of a new entrant into the containership trade between the U.S. mainland and Hawaii to operate these vessels.

According to the shipyard, several prominent investors and lenders in the U.S. shipping market have expressed interest in taking part in this opportunity. In addition, a maritime leasing company has issued an indicative offer with preliminary terms for a bareboat charter structure.

“We are excited to get started on building a new fleet of containerships for a new carrier in the Hawaii trade and are pleased to have received such positive feedback from well-known U.S. marine players and financing sources,” said Steinar Nerbovik, Philly Shipyard’s president and CEO.

The shipyard believes the MARPOL/ECA emissions regulations, which will take effect in 2020, will create a unique opportunity for a new Jones Act carrier to enter the Hawaii containership trade with a fleet of modern container vessels.

Philly Shipyard has commenced design work and procurement activities for the vessels, which are being designed to address the present market trends for larger sized containers, faster transit times and LNG fuel.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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