Global Ship Order Book Hits 17-Year High as Tanker Orders Surge
The global shipping order book has climbed to its highest level in nearly two decades, as a wave of tanker contracting and sustained newbuilding demand across the 2020s continues to...
50,000 dwt product tanker American Endurance, Photo by Philly Shipyard, Inc
Philly Shipyard, Inc. (PSI) today delivered the American Endurance, the first of four next generation 50,000 dwt product tankers that it is building for American Petroleum Tankers (APT), a subsidiary of Kinder Morgan, Inc.

This delivery is the 25th vessel built by PSI (formerly known as Aker Philadelphia Shipyard, Inc.). The next generation 50,000 dwt product tanker is based on a proven Hyundai Mipo Dockyards (HMD) design that also incorporates fuel efficiency features including flexible cargo capability. 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.
“Today’s delivery of our 25th vessel is a symbol of the American shipbuilding legacy we have continued since re-opening in 1997.” said Steinar Nerbovik, CEO of the shipyard. “This vessel, like all others, was built from the hands and hearts of 1,200 shipbuilders.”
The shipyard has commenced construction of three other 50,000 dwt tankers for APT and two 3,600 TEU containerships for Matson Navigation Company, Inc.
Updated: April 6, 2023 (Originally published November 30, 2016)
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