Philly Shipyard: NSMV training ships will be a loss maker

No doubt about it, the contract to build the National Security Multi-Mission Vessel (NSMV) training ships was a life-saver for Philly Shipyard when it was awarded in April 2020. At that time, the shipyard’s newbuild order book was empty. Today, things are very different.

According to its just released results for the third quarter and first nine months of 2023, at September 30, 2023, Philly Shipyard had an order backlog of $1,793.7 million, with eight ships on its order book: four NSMV training...

https://www.marinelog.com/shipbuilding/shipyards/shipyard-news/philly-shipyard-nsmv-training-ships-will-be-a-loss-maker/

Philly Shipyard cuts steel for third NSMV

TOTE Services and Philly Shipyard yesterday celebrated the cutting of steel for the third National Security Multi-Mission Vessel (NSMV), which is set for delivery to Maine Maritime Academy by the end of 2024.

The event marked another major construction milestone for the MARAD NSMV program, designed to provide a purpose-built, state-of-the-art training platform for the state maritime academies in New York, Massachusetts, Maine, Texas, and California. In addition to their training role, the five...

https://www.marinelog.com/shipbuilding/shipyards/shipyard-news/philly-shipyard-cuts-steel-for-third-nsmv/

Funding for Cal Maritime NSMV training ship secured

In good news for the California State University Maritime Academy (Cal Maritime) and Philly Shipyard, the $1.5 billion omnibus spending bill signed into law by President Biden yesterday includes funding for the fifth National Security Multi-Mission Vessel (NSMV).

The vessels are being built to replace the aging fleet of training ships at state maritime academies and this fifth vessel will go to Cal Maritime.

The current training ships and the new NSMVs are owned by the federal government and part...

https://www.marinelog.com/news/funding-for-cal-maritime-nsmv-training-ship-secured/

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