Philly Shipyard Delivers Second National Security Multi-Mission Vessel (NSMV), Patriot State

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Program designed to provide state-of-the-art training vessels to five state maritime academies

PHILADELPHIA, PA / ACCESSWIRE / September 26, 2024 / Philly Shipyard, Inc. ("Philly Shipyard"), the sole operating subsidiary of Philly Shipyard ASA (Oslo:PHLY), today delivered the Patriot State, the second of five new purpose-built, state-of-the-art training vessels for America's state maritime academies. The U.S. Department of Transportation's Maritime Administration (MARAD) new vessel program - known as National Security Multi-Mission Vessels (NSMVs) - was designed to provide world-class training for America's future mariners and to support humanitarian assistance and disaster relief missions in times of need. This second vessel, Patriot State, is being delivered to MARAD and will serve Massachusetts Maritime Academy.

"We stand tall and proud as we wave goodbye to the Patriot State," said Steinar Nerbovik, President & CEO of Philly Shipyard. "It is the second NSMV to be delivered in the program, and the journey to Massachusetts brings well-deserved recognition and excitement for the future of the vessel, the entire NSMV program, and our shipyard. Our workforce has dedicated much time and skill to ensuring a safe at-sea experience for the cadets and crew and a dependable learning environment for all future mariners."

Philly Shipyard was awarded the contract to build the NSMVs by TOTE Services, LLC ("TOTE Services"), a U.S.-based company hired by MARAD as the Vessel Construction Manager (VCM) to oversee the construction of the training vessels. The NSMV program is the first government sponsored ship building program to utilize the VCM model. This model places the responsibility for the selection and oversight of the shipyard on a government contractor that utilizes commercial best practices to manage the project.

NSMV I, Empire State, was delivered in September 2023 to serve SUNY Maritime College. NSMV III (Maine Maritime Academy) and NSMV IV (Texas A&M Maritime Academy) are both under construction in Philly Shipyard's outfitting and building docks, respectively. NSMV III is scheduled for delivery in 2025. The steel cutting for NSMV V (California Maritime Academy) was completed earlier this year, placing all remaining vessels in various stages of production at Philly Shipyard.

"The Patriot State is the second of five NSMVs that TOTE Services is managing in partnership with Philly Shipyard. These vessels are a vital investment in the future of maritime in the U.S. and showcase the potential that arises when we utilize the right expertise and resources for the benefit of our country and future generations. TOTE Services' role as the vessel construction manager for these ships highlights its 49-year legacy as a leader in American maritime," commented Jeff Dixon, President of TOTE Services.