The threat of closure looms at Aker Philadelphia Shipyard (AKPS) as it continues to scale back its workforce due to a dwindling workload.
The Jones Act builder warned that it may not be able to continue as a going concern for too much longer unless it secures further orders in a tough US economic climate.
The Oslo-listed shipyard is working its way through a series of products tankers for American Shipping Co to be bareboat chartered to OSG, the last of which has the building name NB 016.
