Aker Philadelphia to Sell Four Product Tankers

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Aker Philadelphia Shipyard Announces Non-binding Term Sheet for Construction and Sale of up to Four Product Tankers

Aker Philadelphia Shipyard Announces Non-binding Term Sheet for Construction and Sale of up to Four Product Tankers

Aker Philadelphia Shipyard ASA has announced that its wholly-owned subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), 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 definitive documents and fulfillment of certain closing conditions, including, but not limited to, securing commitments for financing.

Source: Aker Philadelphia Shipyard

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Posted by on February 18, 2013. Filed under All news, Business, Company News, Latest news, World. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.