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Philly Shipyard begins work on dry docking contract for MARAD ship Antares
p Philly Shipyard, Inc., the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), says it has commenced work on its first contract to perform modernization, repair and maintenance work on a government ship, the SS Antares. The SS Antares is an Algol class vehicle cargo ship, owned by the U.S. Department of Transportation’s Maritime Administration (MARAD) and managed by TOTE Services, LLC (TOTE) and undergoes routine repair and maintenance during its scheduled dry docking every five years. TOTE, as ship manager for MARAD, awarded the contract to Philly Shipyard.
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