Philly Shipyard announced that it has started construction on the first product tanker in a four vessel order for American Petroleum Tankers (APT).
The 600-foot long vessel will be able to transport 50,000 tons of crude oil or refined petroleum products.
The four vessels, ordered by of Kinder Morgan subsidiary APT, are expected to be delivered in 2016 and 2017.
The Tier II vessels are based on a Hyundai Mipo Dockyards design, which incorporates numerous fuel efficiency features, flexible cargo capability and the latest regulatory requirements. The vessels will be constructed with consideration for the use of LNG for propulsion in the future.
Moreover, Philly Shipyard is building two 50,000 dwt product tankers for Crowley Maritime Corp. with planned deliveries during 2016, as well as two 3,600 TEU containerships for Matson Navigation with planned deliveries in 2018.
Philly Shipyard is a U.S. subsidiary of Philly Shipyard ASA.
Writing by Nadeem (c) gCaptain