Aker Philadelphia gets a reprieve with state infusion of $42 million

摘要

Anew partnership between Aker Philadelphia Shipbuilding Inc. and the Commonwealth of Pennsylvania will keep the yard afloat for at least two years. The yard was facing closure for lack of new work.The deal, which involves an investment by the state of $42 million to purchase the assets of the yard, is intended to preserve about 1,000 shipyard and 7,000 indirect jobs over the next three years, but beyond that the future is unclear. For its part, Aker hopes to raise $210 million to complete two new oil tankers that the yard has planned.