Philly Shipyard Delivers Fourth and Final Jones Act Tanker to APT

Philly Shipyard has delivered the American Pride, the fourth of four next-generation product tankers that it has built for American Petroleum Tankers (APT), a subsidiary of Kinder Morgan, Inc. The 50,000 dwt product tanker is based on a proven fuel-efficient Hyundai Mipo Dockyards design. The 600-foot tanker has a carrying capacity of 14.5 million gallons of crude oil or … [Read more...]

Philly Shipyard Delivers Jones Act Tanker To Kinder Morgan

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 … [Read more...]

Senator McCain Sets Crosshairs on Jones Act Build Requirement (Again!)

Once again U.S. Senator John McCain [R-AZ] has his crosshairs set on the Jones Act with an amendment he intends to attach to a proposed energy bill that would eliminate the U.S. build requirement for tankers involved in U.S. coastwise trade. McCain hopes to attach the amendment to bill S. 2012, also known as the "Energy Modernization Act of 2015", which seeks to provide for … [Read more...]

Philly Tankers Secures Charter Contracts for Two Newbuild Jones Act Product Tankers

Philly Tankers AS announced today that its wholly owned U.S. subsidiary, Philly Tankers LLC, has entered into binding long-term time charter contracts with a domestic end-user for the two 50,000 dwt product tankers it has on order with Aker Philadelphia Shipyard (AKPS). The charters will commence after delivery of the vessels in 2016 and 2017. “This is an important milestone … [Read more...]

Crowley Sells Jones Act Tankers to Kinder Morgan

Jacksonville, Florida-based Crowley Maritime Corporation has announced that its petroleum services group has sold two Jones Act tankers to Kinder Morgan Energy Partners, L.P. (NYSE: KMP) for approximately $270 million. The tankers, the MT Pennsylvania and MT Florida, each have 330,000 barrels of cargo capacity and have been under long term charter transporting gasoline, jet … [Read more...]