Philly Shipyard is facing legal challenges as the US dredging enterprise Nice Lakes Dredge & Dock Firm (GLDD) is seeking injunctive relief concerning the construction of what is claimed to be the first US offshore wind subsea rock installation vessel (SRIV).
GLDD placed the order for the vessel in 2021, with the primary steel cut occurring in July 2023. According to the American company, with Acadia poised to become the only Jones Act-compliant rock placement vessel in the US commercial fleet, it is an essential vessel necessary for advancing the offshore wind projects that the US has planned and authorized.
The vessel features an Ulstein design and has an overall length of 140.5 meters, a width of 34.1 meters, and accommodations for 45 crew members. It is capable of transporting up to 20,000 tons of rock and can deposit it on the seabed at monopile foundation locations within an offshore wind project site.
As of November 22, Philly Shipyard ASA announced that GLDD had lodged a complaint and motion against its subsidiary Philly Shipyard, Inc. (PSI) seeking injunctive relief concerning specific actions related to the project execution plan for the construction of the SRIV.
The company also stated that its sole operational subsidiary PSI is continuing production activities on the SRIV, NSMVs 3, 4, and 5, and CV 1, and it is still anticipated that the deal with Hanwha regarding the acquisition of PSI will close in the fourth quarter of 2024.
Philly Shipyard is listed on the Oslo Stock Exchange and is primarily owned by Aker Capital AS, which in turn is entirely owned by Aker ASA.
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