Philly Shipyard To Build First Jones Act-Compliant Specialized Vessel For US Offshore Wind Market

Philly Shipyard Wins Contract to Build Specialized Vessel for U.S. Offshore Wind Market

Philly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA, announced it has won a contract from Great Lakes Dredge & Dock Company, LLC, the nation’s leading dredging company, to construct one Jones Act-compliant Subsea Rock Installation Vessel – the first such ship to enter the U.S. market. Great Lakes retains a right of first refusal on a second ship.

The initial award is valued at approximately USD 197 million. If both ships are ordered, then the total contract value of...

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