Philly Shipyard stands as a premier shipbuilder in the United States, currently engaged in various projects for both commercial entities and government sectors. It boasts a modern facility for ship construction and is recognized as a top choice for the creation of ocean-going merchant ships. Its reputation for high-quality ship production is well established, with the yard having constructed approximately half of the United States' large Jones Act commercial vessels since the year 2000.
Corporate Structure and ListingThe company operates under the umbrella of Philly Shipyard ASA, which is based in Oslo, Norway, with its operational subsidiary situated in Philadelphia, PA, USA. The company has been publicly traded on the Euronext Expand Oslo since its listing in December 2007. Ownership is largely concentrated with Aker Capital AS, a direct subsidiary of Aker ASA, which controls 57.56% of the company's shares as reported at the end of December 2020.
