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AMERICAN PETROLEUM TANKERS

Philly Shipyard Lays Keel for Kinder Morgan Product Tanker

Photo: Philly Shipyard

Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA, held a ceremonial Keel Laying for the third product tanker in a four vessel order for American Petroleum Tankers (APT), a Kinder Morgan, Inc. subsidiary.    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 from Philly Shipyard and Kinder Morgan were in attendance to place the coins as a sign of good fortune and safe travels. Philly Shipyard representatives included the most recent graduates of the company’s Apprentice Program.   Initiated in 2004, the three-year apprenticeship program develops the next generation of Philly Shipyard employees. The recent graduation class added 15 skilled shipbuilders to the workforce, bringing the shipyard’s apprentices to 23% of its current workforce.     Since the program’s inception, 21 apprentices have moved into management positions and many have obtained additional manufacturing qualifications. The shipyard expanded the program this year and has hired 50 apprentices with intent to hire another 50 apprentices in 2017.   Steinar Nerbovik, Philly Shipyard’s President and CEO, remarked, “Today we celebrate our fifteen new shipbuilders and the twenty-seventh keel laid in our seventeen year history


Commissioner Doyle: LNG "Blossoming" as Marine Fuel

FMC Commissioner William P. Doyle

FMC Commissioner William P. Doyle issued this morning’s opening remarks at the American Society of Transportation and Logistics (AST&L) 6th Sino - American Logistics Conference in Chicago, Il, where he addressed the use of LNG as a marine fuel. Doyle cited the United States' abundance of natural gas as a driver for the country’s marine industry to adopt LNG as an alternative fuel source. In addition


MISC Looks for Takeover Targets

MISC Bhd, the world's largest carrier of liquefied natural gas (LNG), is on the lookout for takeover targets to help it grow amid softer shipping rates, according to a report on http://www.btimes.com.my. In 2003, the firm bought American Eagle Tankers (AET), a crude oil transportation company, from Singapore's Neptune Orient Lines for $445 million. An analyst from a foreign research house said that if MISC were to buy, it will be to support AET to grow its petroleum business.


Marathon Ashland Petroleum Garners USCG Award

Marathon Ashland Petroleum LLC’s (MAP) Marine Transportation group has received the U.S. Coast Guard’s prestigious William M. Benkert Award for Environmental Excellence. Accepting the silver award on behalf of MAP Marine Transportation was Bruce Tilton, manager, Marine Transportation. “This is indeed an honor, and we are truly thrilled to receive this award, says Tilton. “Because this is the U.S. Coast Guard’s premier national award, recognizing marine environmental excellence


M/V Sunshine State Delivered to Crowley

Photo courtesy Crowley

Crowley took delivery of Sunshine State, a 331,000-barrel, double-hull oil and chemical tanker, from General Dynamics NASSCO in San Diego, Calif. for American Petroleum Tankers LLC. The Sunshine State is the first vessel Crowley has taken delivery of since the company was contracted by APT to handle the shipyard construction management and the overall vessel management, crewing and operation of the company's growing fleet


General Dynamics Reports 2Q 2014 Earnings

Phebe N Novakovic , Chairman and CEO

  General Dynamics today reported 2014 second-quarter earnings from continuing operations of $646 million, or $1.88 per share on a diluted basis, compared to second-quarter earnings from continuing operations in 2013 of $640 million, or $1.81 per diluted share. Second-quarter 2014 revenues were $7.5 billion. There is a charge in the quarter of $105 million in discontinued operations for the sale of a business within Combat Systems


DeepStar Names New Co-Chairs to Contributors’ Advisory Panel

Peter M. Lovie, P.E., vice president of business development for American Shuttle Tankers L.L.C., Houston, has been appointed to co-chair the Contributors’ Advisory Panel of The DeepStar Project, DeepStar Project Director B. John Sheets, of ChevronTexaco Exploration and Production Technology Co., has announced. ”Peter Lovie has been a tireless advocate for Floating Production, Storage and Offloading (FPSO) vessel technology in recent years and has broad experience with other systems through


USCG Accepts Benkert Award Nominees

The U.S. Coast Guard is soliciting for applications for the biennial Rear Admiral William M. Benkert, Marine Environmental Protection Award for Excellence. The program recognizes corporations and businesses involved in marine facility or vessel operations that have demonstrated sustained excellence and outstanding achievement in protecting the marine environment. It also encourages innovations in operations, maintenance, cargo handling, refueling, training


Aker Philadelphia’s 9th Product Tanker

Photo courtesy Aker Philadelphia Shipyard

On March 10, Aker Philadelphia Shipyard (Oslo: AKPS) launched Ship 013, the ninth product tanker in a series of 12 to be completed by 2011. The 46,000 dwt vessel was floated off of its blocks and was transferred by tug from the Building Dock to the Outfitting Dock, where it will remain for the next few weeks as it undergoes continuous testing and commissioning in preparation for its upcoming sea trials. When completed, the 600-ft long vessel, to be named the Overseas Martinez


Nordic American Tankers Mull Expansion Plans

Nordic American Tankers Ltd. is considering expanding its fleet by ordering new vessels or buying second-hand. The company's Board of Directors has declared a dividend of $0.16 for the fourth quarter of 2012.  They are assessing expansion plans including ordering of new vessels from shipyards or buying second hand vessels at historically low prices.  The level of the declared dividend should be seen in the context of a planned fleet expansion


Asia Tankers-VLCC Rates to Slide on Lower Cargo Volumes

File Image: A so-called SuezMax tanker transits the Suez Canal (CREDIT: Suez Canal Authority)

34 VLCC MidEast cargoes fixed for early Jan -Reuters terminal; only nine fixed so far for mid-Jan.   Freight rates for very large crude carriers (VLCCs), which hit a new nine-month high this week, are on course to soften amid a weaker cargo market as owners wait for more charters to be


Great Ships of 2016: Texas

(Photo: Crowley)

Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. This year 18 ships in total were honored, including many “world firsts.”   Texas - LNG-ready tanker for Crowley  


GE Shipping Contracts to Buy 2 Suezmax Crude Carriers

 The Great Eastern Shipping Company Limited (GE Shipping) has signed contracts to buy 2 Suezmax crude Carriers of about 157,000dwt each. The 2010 and 2011 built vessels are expected to join the company's fleet in Q4 FY17.   


Tarbit Upgrades Its Safety Management System

Photo: Logimatic

Swedish tanker company Tarbit has signed a contract with Logimatic to implement SERTICA on its entire fleet.    Tarbit currently operates 14 tanker vessels and has ordered two new vessels, which brings them to a total fleet of 16 vessels in 2017


Low Oil Price to Stimulate Tanker Market: NAT

Graph: Nordic American Tankers

 The development of the world economy affects the tanker industry. A low oil price is stimulating the world economy which is positive for the tanker market, says a report by Nordic American Tankers.   The drybulk and container sectors are weak


Obama Administration Bars New Oil, Gas Exploration off Alaska

A drilling ship Polar Pioneer in the Chukchi Sea, August 2015 (Photo: Mark Fink / Shell)

The Obama administration on Friday blocked new exploration for oil and gas in Arctic waters, in a win for environmental groups that had fought development of the ecologically fragile region.   The Department of the Interior released a 2017 to 2022 leasing plan that blocked drilling in the


Lundin Petroleum Finds More Oil in Norway's Arctic

Sweden's Lundin Petroleum has found additional oil and gas near its Alta discovery in the Norwegian Arctic, the firm and the Norwegian Petroleum Directorate said on Tuesday.   "The total gross resource estimate for the Neiden discovery is between 25 and 60 million barrels of oil


Philly Shipyard Delivers APT Tanker

Courtesy Philly Shipyard

Philly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), 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.


Tanker Operators Brace for OPEC Cuts

© Jose Gil / Adobe Stock

Tanker owners are bracing for a volatile year ahead after enjoying some of the highest charter rates since 2008, with OPEC plans to curb crude output potentially cutting rates by more than 40 percent.   Fewer Middle East cargoes will mean lower freight rates for operators of very large


Transnet Appoints Ngqura Liquid Bulk Terminal Operator

Logo

The Port of Ngqura is poised to play a vital role in ensuring the security of South Africa’s fuel supply, while creating a new petroleum trading hub for Southern Africa in anticipation of the relocation of existing liquid bulk facilities from Port Elizabeth.  


St. Lawrence Seaway Expecting a Strong Finish

The Canada-flag Algolake loading wheat at the CHS elevator in the Port of Duluth-Superior. (Photo: Terry White / Chamber of Marine Commerce)

A strong finish to the St. Lawrence Seaway’s 2016 shipping season is expected as freighters deliver raw materials and exports for North America’s industrial and agricultural sectors before the waterway closes December 31.  


NASSCO Christens New ECO Tanker

Photo: General Dynamics NASSCO

 On Saturday, December 17, General Dynamics NASSCO christened the Liberty, the third ECO Class tanker under contract with customer SEA-Vista LLC. Mrs. Debora Denning, wife of SEACOR vice president Tom Denning, christened the ship with the traditional break of a champagne bottle on the side of


Gulf Navigation, Mena Energy Sign Strategic Deal

Photo: Gulf Navigation Holding PJSC

GulfNav has marked another milestone by entering into strategic alliances with MENA ENERGY.   The strategic alliances  for mutual co-operation in ship acquisition, chartering and commercial management aims to set out a platform for the parties to have an enhanced commercial


Noonan Named CMA's 2017 'Commodore'

Jack Noonan, CEO, Chembulk Tankers

This morning CMA announced that Mr. John D. “Jack” Noonan, CEO of Chembulk Tankers, has been named as the CMA Commodore for the year 2017. Noonan joins a presigious list of previous award winners, including Ole Skaarup, Jacob Stolt-Nielsen, George Livanos, Phil Loree, Thomas Moran


Tanker Docks at Libya's Es Sider Port to Load First Crude Cargo in Two Years

An oil tanker docked at the east Libyan port of Es Sider on Monday to load the first cargo of crude since the terminal reopened following a two-year closure, port officials said.   Es Sider, Libya's biggest export terminal, had been shut due to a blockade by a military faction since 2014






 
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