Posted: February 5, 2016

Philly Shipyard lays keel for first of four Jones Act product tankers for APT


The following is excerpted from an article released January 27 by Philly Shipyard, Inc. American Maritime Officers will represent all licensed officers aboard the four tankers being built for American Petroleum Tankers.

Philly Shipyard, Inc. (PSINC), the wholly-owned U.S. subsidiary of Philly Shipyard ASA (Oslo: PHLY), held a ceremonial Keel Laying for the first product tanker in a four vessel order for American Petroleum Tankers (APT), a Kinder Morgan, Inc. 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.

Keeping with long held shipbuilding tradition, coins were placed on one of the keel blocks before the 650-ton unit was lowered into place in the dry dock. Representatives and guests from Philly Shipyard, Kinder Morgan and the United States Coast Guard were in attendance to place the coins as a sign of good fortune and safe travels. Philly Shipyard representatives included the most recent recipients of the company's "Safety Team of the Quarter" award, who were recognized for exemplifying safe operation during the fourth quarter of 2015.

Steinar Nerbovik, Philly Shipyard's President and CEO, remarked, "Today 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."

"This is an exciting day for Kinder Morgan. We look forward to taking delivery of this state-of-the-art vessel at the end of 2016," said Robert Kurz, vice president of Kinder Morgan Terminals and president of APT.

The Tier II 50,000 dead weight ton (dwt) product tankers are based on a proven Hyundai Mipo Dockyards (HMD) 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.