December 25, 2015
In the Region Aria Health settles case When Aria Health bought 3B Orthopedics in December 2012 for $4.1 million, $3.5 million was allocated for the 3B trademark. Two years later, Aria decided that it paid too much for the trademark. That meant, according to a settlement announced Wednesday by the U.S. Attorney in Philadelphia, that Aria was overpaying the 3B physicians who left Pennsylvania Hospital for Aria, in violation of a federal law requiring physicians to be paid fair market value for their services.
December 2, 2015 |
Aker Philadelphia Shipyard has a new name: Philly Shipyard Inc. Shareholders of the region's only commercial shipyard, meeting Monday in Oslo, Norway, where parent company Aker ASA is located, approved the name change, effective immediately. "Our new name is simple yet distinctive, and better defines who we are and where we are going," said Steinar Nerbovik, shipyard president and CEO. "As a standalone Philadelphia-based company, we continue our focus on building safe and quality ships that support the nation's commerce.
October 3, 2015 |
Aker Philadelphia Shipyard said it delivered on Wednesday the first of four product tankers to Crowley Maritime Corp., based in Jacksonville, Fla. Aker said, in a statement, that it was the first vessel built at the South Philadelphia commercial yard "with consideration for the use of LNG for propulsion in the future. " Aker, which plans to change its name to Philly Shipyard this month,is building three more product tankers for Crowley, with planned deliveries through 2016. The tankers can transport 14.5 million gallons of crude oil or refined petroleum products.
September 24, 2015 |
Aker Philadelphia Shipyard announced Tuesday that it will sell its ship-owning investments in four product tankers to a subsidiary of Marathon Petroleum Corp., based in Findlay, Ohio. The contract value of each vessel is $150 million, Aker said. The ships, which are used to transport petroleum products and crude oil, will be delivered between now and third quarter 2016. Aker said it expects a pre-tax gain of about $10 million per ship. Aker is building the vessels in a joint venture with Crowley Maritime Corp.
July 18, 2015 |
Yo! Philly. The region's only commercial shipyard is getting a new name: Philly Shipyard. Aker Philadelphia Shipyard said Thursday, after its board of directors met in Oslo, Norway, where parent company Aker ASA is located, that the Aker name is going away and that the yard will be called Philly Shipyard, pending shareholder approval in October. The name change was announced when second-quarter earnings were reported. A public company listed on the Oslo Stock Exchange, Aker posted second-quarter revenue of $83.7 million, compared with $60.3 million in the same period last year.
February 8, 2015 |
Members of seven unions that build ships at Aker Philadelphia Shipyard have approved a contract providing a 10 percent raise over four years. The contract took effect Feb. 1 and expires Jan. 31, 2019. About 350 laborers, ironworkers, painters, boilermakers, plumbers, operating engineers, and electricians voted Tuesday, said Louis Agre, president of the Philadelphia Metal Trades Council. The vote tally was not disclosed. Mike Giantomaso, Aker Shipyard vice president of human resources, said, "We are pleased to have successfully ratified this agreement and very proud to continue our partnership.
January 15, 2015 |
When a champagne bottle cracked against the ship to christen Aker Philadelphia Shipyard's second tanker for ExxonMobil Corp. early this week, the current and future governors of Pennsylvania were on hand, as were the current and former chief executive officers of the nation's second-largest commercial shipbuilder. There is a lot to celebrate at Aker. The company has orders to build ships through 2018. Employment has grown to 1,100 - a level last reached in 2010. Steinar Nerbovik, 53, is the shipyard's new president and CEO. A naval architect and welder by training, he said shipbuilding "has been my life.
February 15, 2014 |
An Aker Philadelphia Shipyard employee injured while repairing a crane early Wednesday is in stable condition, the South Philadelphia shipbuilder said. The employee, an electrician, was performing maintenance on a gantry crane "when an electrical fault occurred," Aker said. The Philadelphia Fire Department responded. The employee, whom Aker did not identify, citing privacy concerns, was taken to Crozer-Chester Medical Center with burns on his face and hands, an Aker union official said.
December 22, 2013 |
Several dozen protesters carrying placards reading "Local People, Local Jobs" marched Friday at Eighth and Market Streets, complaining that Aker Philadelphia Shipyard and its scaffolding contractor had turned their backs on local workers. The timing came as a surprise because, while many members of Aker's regular unionized workforce were laid off during the recession and a downturn in shipbuilding in 2010, they have been recalled and are back on the job. Employment at the nation's second-largest commercial shipbuilder is 1,100 - what it was in July 2010.
October 26, 2013 |
With the 115,000-ton crude-oil tanker Liberty Bay soon to be launched and construction begun on a second 820-foot-long vessel, times are flush at Aker Philadelphia Shipyard. After several lean years, the nation's second-largest commercial shipyard has enough work to keep busy for several years. The 1,110 employees are back, and morale is high. Gov. Corbett toured the South Philadelphia yard Thursday. He last visited in September 2011, when the $400 million contract was signed to build two tankers for ExxonMobil Corp.