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/