Philly Shipyard delivers final product tanker to Kinder Morgan 

Philly Shipyard, Inc (PSI) has delivered the American Pride, the fourth of four-next generation 50,000 dwt product tankers that it has built for American Petroleum Tankers (APT), a subsidiary of Kinder Morgan, Inc.

This delivery is the 28th vessel built by PSI. The next generation 50,000 dwt product tanker 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.

The American Pride, like its three sister ships, was originally under contract with Philly Tankers, a Jones Act shipping company established in June 2014 by Philly Shipyard and certain other investors to provide major oil companies and other end-users with modern tonnage. 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.

Philly Shipyard’s President and CEO, Steinar Nerbovik said: “We are proud to deliver the final product tanker in the four ship series for American Petroleum Tankers that began with the promotion by Philly Shipyard of a new Jones Act shipping venture, Philly Tankers, over three years ago. As American Pride leaves our dock, there is a piece of each and every one of us at the yard that leaves with her. We celebrate this achievement and wave farewell as she joins the other 27 Jones Act vessels built here in Philadelphia that are currently servicing America’s ports.”

For more information visit www.phillyshipyard.com

27th Nov 2017