{"id":1119,"date":"2024-11-25T19:02:34","date_gmt":"2024-11-25T19:02:34","guid":{"rendered":"https:\/\/krogragg.com\/?p=1119"},"modified":"2024-11-25T19:02:34","modified_gmt":"2024-11-25T19:02:34","slug":"dredging-company-sues-philly-shipyard-over-delays-in-construction-of-1st-rock-installation-ship-in-u-s","status":"publish","type":"post","link":"https:\/\/krogragg.com\/?p=1119","title":{"rendered":"Dredging Company Sues Philly Shipyard Over Delays In Construction Of 1st Rock Installation Ship In U.S."},"content":{"rendered":"

Dredging Company Sues Philly Shipyard Over Delays In Construction Of 1st Rock Installation Ship In U.S.
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Image for representation purposes only<\/figcaption><\/figure>\n

Philly Shipyard, formerly known as Aker Philadelphia Shipyard, a leading U.S. shipbuilder, is facing legal challenges after Great Lakes Dredge & Dock Company (GLDD) filed a lawsuit against the shipbuilder in the U.S. Eastern District Court.<\/p>\n

The reason for the dispute is the delays and disagreements over the construction plan for the Subsea Rock Installation Vessel (SRV), a crucial project for supporting offshore wind installations in the U.S.<\/p>\n

GLDD awarded the $197 million contract to Philly Shipyard in November 2021, with the vessel originally scheduled for delivery by November 15, 2024.<\/p>\n

However, GLDD claims the timeline has now been pushed back to February 2025 and could stretch to September 2026.<\/p>\n

They accuse the shipyard of diverting resources to government-backed projects, including mariner training vessels for state-run academies, leaving the SRIV project under-resourced.<\/p>\n

Per reports, only one full-time employee is dedicated to the vessel, while others split their time on other projects.<\/p>\n

The SRIV, designed to carry 20,000 metric tons of rock, is crucial for laying monopile foundations for offshore wind turbines.<\/p>\n

GLDD said that time is critical for this vessel, which would be the first Jones Act-compliant rock installation ship in the U.S. The company is seeking a court order to stop Philly Shipyard from floating the unfinished vessel into the harbour, arguing it could cause damage and delay completion.<\/p>\n

GLDD expressed frustration in its filing, saying that Philly Shipyard\u2019s \u201cfalse promises\u201d and \u201cfailure to meet contractual commitments\u201d are causing \u201cirreparable harm.\u201d<\/p>\n

They claim the yard initially failed to meet their timeline requirements during the bidding process but later won the contract with a revised schedule.<\/p>\n

Philly Shipyard, majority-owned by Aker ASA and listed on the Oslo Stock Exchange, acknowledged the lawsuit but assured that work continues on the SRIV, three National Security Multi-Mission Vessels (NSMVs) and a container ship for Matson.<\/p>\n

The shipyard admitted to cost overruns and delays on the SRIV project, calling it a loss-making effort.<\/p>\n

Philly Shipyard is preparing for a takeover by South Korean conglomerate Hanwha, which is expected to close by the end of 2024. The $100 million deal aims to strengthen Hanwha\u2019s shipbuilding and defense capabilities.<\/p>\n

References: World Energy, Port News<\/em><\/p>\n<\/div>\n

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Dredging Company Sues Philly Shipyard Over Delays In Construction Of 1st Rock Installation Ship In U.S. Image for representation purposes only Philly Shipyard, formerly known as Aker Philadelphia Shipyard, a leading U.S. shipbuilder, is facing legal challenges after Great Lakes Dredge & Dock Company (GLDD) filed a lawsuit against the shipbuilder in the U.S. Eastern […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194,196],"tags":[197],"class_list":["post-1119","post","type-post","status-publish","format-standard","hentry","category-marine-insight","category-shipping-news","tag-marine-insight"],"_links":{"self":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts\/1119"}],"collection":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1119"}],"version-history":[{"count":0,"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts\/1119\/revisions"}],"wp:attachment":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}