Philly Shipyard Lays Keel for Third APT Tanker

  • Business & Finance

Philly Shipyard, Inc., the wholly-owned U.S. subsidiary of Philly Shipyard ASA , has held a ceremonial keel laying for the third product tanker in a four vessel order for American Petroleum Tankers (APT), a Kinder Morgan, Inc. subsidiary.

Keeping with long held shipbuilding tradition, coins were placed on one of the keel blocks before the 650 ton unit was lowered into place in the dry dock.

When completed in 2017, the product tanker will be 600 feet long and capable of carrying 50,000 tons of crude oil or refined petroleum products.

The Tier II 50,000 dead weight ton (dwt) product tankers are based on a Hyundai Mipo Dockyards design. The vessels will be constructed with consideration for the use of LNG for propulsion in the future.

The four product tankers for APT are currently under construction and have planned deliveries in 2016 and 2017.

Also under construction at the shipyard are two 3,600 TEU container ships for Matson Navigation Company, Inc. with planned deliveries in Q3 2018 and Q1 2019.

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