Construction of Two New Tankers Means Family-Sustaining Jobs, Long-Term Economic Development

July 25, 2011—Senator Larry Farnese today welcomed the news that a letter of intent has been signed to build two new tanker ships at Aker Philadelphia Shipyard in South Philadelphia.

“This is great news,” said Senator Farnese. “ Today’s announcement means family–sustaining jobs for shipyard workers and an immeasurable investment in  long-term economic development.”

Representatives for ExxonMobil Corporation’s U.S. marine affiliate, SeaRiver Maritime Inc., contacted Senator Farnese today to announce a signed a letter of intent with Aker Philadelphia Shipyard for the construction of two U.S. flag, crude oil tankers in partnership with Samsung Heavy Industries, a leader in shipbuilding technologies. The vessels will be used to transport Alaska North Slope crude oil from Prince William Sound, Alaska to U.S. West Coast destinations.

According to SeaRiver Maritime Inc., all cargo and fuel compartments will be equipped with double hull protection, and both vessels will feature the latest in navigation and communications equipment. Main engine and auxiliary systems will be energy efficient and generate lower air emissions than what is required by current regulatory standards, according to SeaRiver Maritime Inc.

According to SeaRiver Maritime Inc., project planning work is underway with construction of the 115,000 deadweight ton tankers expected to begin by mid-2012. The vessels are scheduled for delivery in 2014 and will be capable of carrying 730,000 barrels of crude oil to help meet U.S. energy needs. They will replace two existing double hull tankers.

Aker Philadelphia Shipyard was founded in 1997 after the Philadelphia Naval Shipyard was closed in 1995.  It is now estimated that Aker’s impact on the regional economy in terms of wages has been in excess of $700 million over the past five years. Additionally, Aker currently purchases more than $20 million of materials annually in the Delaware Valley.

“Today’s announcement further underscores the Port of Philadelphia’s economic importance to our city and to our region,” said Senator Farnese. “I want to thank ExxonMobil, SeaRiver Maritime Inc. and Aker Philadelphia Shipyards Inc. for their commitment to the Port of Philadelphia to build safe and reliable marine transportation that serves the United States and the world.”

For more information:

Two New Tankers

Represents SeaRiver’s Ongoing Commitment to Safety and the Environment

  • Vessels to Trade Between Alaska and U.S. West Coast Destinations.
  • US Flag Vessels Scheduled for Delivery in 2014.
  • Double Hull Design Used Extensively Throughout the World.
  • Added Features Enhance Safety, Reliability and Reduce Air Emissions.

July 25, 2011 12:39 PM Eastern Daylight Time

IRVING, Texas– Mobil Corporation’s U.S. marine affiliate, SeaRiver Maritime, Inc., signed a letter of intent with Aker Philadelphia Shipyard, a leading U.S. shipbuilding facility in Pennsylvania, for the construction of two U.S. flag, crude oil tankers in partnership with Samsung Heavy Industries, a leader in shipbuilding technologies. The vessels will be used to transport Alaska North Slope crude oil from Prince William Sound, Alaska to U.S. West Coast destinations.

“Today’s announcement is consistent with our long-term ongoing

All cargo and fuel compartments will be equipped with double hull protection. Both vessels will feature the latest in navigation and communications equipment. Main engine and auxiliary systems will be energy efficient and generate lower air emissions than what is required by current regulatory standards.

“Today’s announcement is consistent with our long-term ongoing commitment to safe and reliable marine transportation in the United States and throughout the world,” said Will Jenkins, president of SeaRiver. “These new vessels will provide jobs for American shipyard workers and help support energy needs along the U.S. West Coast for decades to come.”

SeaRiver Maritime, Inc., headquartered in Houston, Texas, operates a fleet of U.S. flag tankers and provides a wide range of technical and commercial marine services to ExxonMobil affiliates throughout the world.

Contacts