Philly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), yesterday delivered the American Freedom, the second of four next generation 50,000 dwt product tankers that it is building for American Petroleum Tankers (APT), a subsidiary of Kinder Morgan, Inc.

Philly Shipyard aerial view

Philly Shipyard aerial view - Image courtesy of Philly Shipyard

This delivery is the 26th 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 numerous fuel efficiency features, flexible cargo capability, and the latest regulatory requirements. 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.

“We are proud to deliver another vessel to our partners at American Petroleum Tankers,” remarked Steinar Nerbovik, Philly Shipyard’s President and CEO. “This vessel, like its predecessor, is delivered [on time], and with the same resolute focus on quality and safety that our customers depend on. On the cusp of the shipyard’s 20 year anniversary, we are proud of each and every one of our twenty-six deliveries and honored to serve some of the very best owners in the U.S. maritime industry.”

The shipyard has delivered 26 vessels in its nearly twenty year history. Currently, the shipyard has two additional 50,000 dwt tankers for APT and two 3,600 TEU containerships for Matson Navigation Company, Inc. under construction.

Philly Shipyard Delivers Second Product Tanker to Kinder Morgan

Product tanker American Freedom - Image courtesy of Brian Cross

Related news: Philly Shipyard Celebrates Keel Laying Milestone for Second Product Tanker for Kinder Morgan

Source: Philly Shipyard