Philly Shipyard said that it has initiated construction of four new containerships and is currently in “advanced discussions” with a major U.S. shipping operator to use the vessels to establish a new service between the Mainland and Hawaii.

In a release, the shipyard said, “Several prominent investors and lenders in the U.S. shipping market have expressed interest in taking part in this opportunity. In addition, a highly regarded maritime leasing company has issued an indicative offer with…