Philly Shipyard Delivers 4th Tanker to APT
- Business & Finance
American Petroleum Tankers (APT), a subsidiary of Kinder Morgan, has taken delivery of the fourth and final 50,000 dwt product tanker constructed by US-based shipbuilder Philly Shipyard.
The tanker, named the American Pride, was delivered ten days ahead of the contract delivery date, according to the shipbuilder.
The vessel is based on a proven Hyundai Mipo Dockyards (HMD) design that also incorporates numerous fuel efficiency features, flexible cargo capability, and the latest regulatory requirements. The vessel has also received LNG Ready Level 1 approval from the American Bureau of Shipping (ABS).
The 600-foot tanker has a carrying capacity of 14.5 million gallons of crude oil or refined products.
Like its three sister ships, the American Pride was originally under contract with Philly Tankers, a Jones Act shipping company established in June 2014. In August 2015, Philly Tankers entered into definitive agreements with APT for the assignment by Philly Tankers of its shipbuilding contracts and related assets to APT.