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Phila. shipbuilder seeks help to stay afloat
(The Philadelphia Inquirer)
September 17, 2009
By Linda Loyd The Philadelphia Inquirer
Aker Philadelphia Shipyard says it needs to borrow $150 million to construct two tankers, for which it has already ordered parts but has no buyers.
If it does not get the money or sell the ships, the second-largest U.S. commercial shipbuilder may ultimately have to shut its operations at the Navy Yard, the company and government officials say ...... Read more on The Philadelphia Inquirer
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