Philly Shipyard Starts Building APTs 1st LNG-Ready Tanker

Philly Shipyard Philly Shipyard, Inc. (PSINC) has laid the keel for the first product tanker in a four vessel order for American Petroleum Tankers (APT), a Kinder Morgan subsidiary. When completed at the end of this year, the vessel will be 600 feet long and capable of carrying 50,000 tons of crude oil or refined petroleum products. “Today (January 27th) marks our 25th Keel Laying celebration and I couldn’t be more proud of the 1,200 men and women of Philly Shipyard for their unyielding pride and passion that continues to bring all of our vessels to life,” said Steinar Nerbovik, Philly Shipyard’s President and CEO. The Tier II 50,000 dead weight ton (dwt) product tankers are based on a Hyundai Mipo Dockyards (HMD) design which incorporates numerous fuel efficiency features, flexible cargo capability and the latest regulatory requirements, the shipbuilder said. The vessels will be constructed with consideration for the use of LNG for propulsion in the future. Philly Shipyard is currently building four product tankers for APT which are planned for deliveries in 2016 and 2017. Also under construction at the shipyard are two 50,000 dwt product tankers for Crowley Maritime Corporation with planned deliveries during 2016 and two 3,600 TEU containerships for Matson Navigation Company, Inc. with planned deliveries in 2018.