Aker may build up to 4 tankers for undisclosed buyer

Industries

Tuesday, February 19, 2013

In a notice posted on the Website of the Oslo Stock Exchange, Philadelphia Shipyard ASA said its subsidiary Aker Philadelphia Shipyard and an undisclosed potential buyer have signed a non-binding term sheet regarding the construction and sale of two to four product tankers with expected delivery in 2015 and 2016. The transactions contemplated by the term sheet are subject to agreement on certain closing conditions, including, but not limited to, securing commitments for financing. ...

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