Aker Philadelphia Shipyard Delivers Eighteenth Vessel

  Aker Philadelphia Shipyard Delivers Eighteenth Vessel

Business Wire

PHILADELPHIA -- January 31, 2013

Aker Philadelphia Shipyard ASA (Oslo: AKPS), a leading U.S. commercial
shipyard has delivered to Crowley their second Veteran Class MT-46 product
tanker. It is the fourteenth product tanker that the shipyard has completed
and the eighteenth vessel overall. Crowley took delivery of the sistership,
the Pennsylvania, in August 2012. The product tankers are 600 feet long and
have a cargo capacity of 46,000 dwt.

The ship was ceremoniously named the Florida during an event at the shipyard
earlier this week. The ship is expected to be placed into service moving
domestic oil to U.S. based refineries.

Aker Philadelphia Shipyard President and CEO Kristian Rokke remarked, “We are
thrilled to have delivered the Florida to Crowley. This delivery represents
the conclusion of a tremendously successful series of fourteen tankers that
over 1,000 men and women have worked on for the last eight years. This never
would have been possible without the support and confidence of our customers,
our industry partners, and the City and Commonwealth.”

APSI is currently constructing two 115,000 dwt crude oil carriers for SeaRiver
Maritime, Inc., Exxon Mobil Corporation’s U.S. marine affiliate. Both of these
crude oil tankers are scheduled for delivery in 2014. For more information on
the shipyard, please visit www.akerphiladelphia.com.

Aker Philadelphia Shipyard is a leading U.S. commercial shipyard constructing
vessels for operation in the Jones Act market. It possesses a state-of-the-art
shipbuilding facility and has earned a reputation as the preferred provider of
oceangoing merchant vessels with a track record of delivering quality ships.
Aker Philadelphia Shipyard is a member of the Norwegian-based Aker family of
global companies, leaders in global growth markets including energy
technologies, energy resources, maritime technologies, seafood and marine
biotechnology.

Contact:

Aker Philadelphia Shipyard ASA
Kelly Whitaker, +1 215-875-2640
kelly.whitaker@phillyshipyard.com