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...]
Philly Shipyard Delivers Third LNG-Ready Jones Act Tanker to Crowley
Crowley Maritime has taken delivery of the third of four Jones Act product tankers being built for the company by Philly Shipyard. The 50,000 dwt tanker, Louisiana, is capable of carrying 330,000-barrels of product and scheduled to be christened in New Orleans on May 5. Crowley’s fourth product tanker is under construction at PSI, and delivery is planned for third quarter … [Read more...]
US Oil Tankers Built on Spec Face Choppy Waters as Export Ban Eases
By Anna Louie Sussman NEW YORK, July 1 - U.S. ship builders are making a $500 million bet on robust domestic demand for crude oil from newly-tapped shale fields by building new tankers without having lined up customers to lease them. Philly Tankers AS, majority-owned by Aker Philadelphia Shipyard is building four ships on spec, and Seabulk Tankers Inc, an indirect … [Read more...]
New Jones Act Player Signs Orders for Tankers from Aker Philadelphia
Aker Philadelphia Shipyard ASA (AKPS) is gaining additional product tanker newbuild orders following the start up of Philly Tankers AS, a new Jones Act tanker company which was founded today. American Shipping Company ASA (OSE: AMSC) has invested USD $25 million and AKPS will invest USD 58.5 million for 20 and 54 percent respective stake in the new venture. Apollo Global … [Read more...]