Philly Shipyard Starts Building APT’s 4th Product Tanker
- Business & Finance
U.S. shipbuilder Philly Shipyard (PSI) has laid the keel for the final product tanker in a four vessel order for American Petroleum Tankers (APT), a Kinder Morgan subsidiary.
When completed, 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 dwt product tanker is based on a Hyundai Mipo Dockyards (HMD) design which incorporates numerous fuel efficiency features, flexible cargo capability and the latest regulatory requirements, Philly Shipyard said.
The tanker will be constructed with consideration for the use of liquefied natural gas (LNG) for propulsion in the future.
Philly Shipyard has delivered 25 ships in its 17 year history, including the first product tanker for APT in December 2016. The three remaining product tankers for APT are currently under construction and have planned deliveries throughout 2017.