Philly Shipyard wins LOI to build up to four new containerships for Hawaii trade

Philly Shipyard wins LOI to build up to four new containerships for Hawaii trade

Philadelphia-based Philly Shipyard says it has entered into a Letter of Intent (LOI) with an unnamed US company to provide four new container ships for Jones Act operations.

The four vessels, two definite and two optional, are due for delivery in 2020 and 2021 and will be a similar design to two Aloha-class container vessels that the yard is building for Matson.

It is understood the ships will be used on routes between the US west coast and Hawaii, and the first two – the firm orders – will have capacity of 3,700 teu.

Philly Shipyard, part of the Norwegian conglomerate Aker Group controlled by tycoon Kjell Inge Rokke, is America’s second-largest shipyard and targets making ships that fall under terms of the Jones Act, mainly product tankers and container ships.

This deal will be finalized once the parties agree on the definitive documents and once certain closing conditions are met.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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