Construction Commences on U.S. Shuttle Tanker

Thursday, May 29, 2008

This double hulled, environmentally friendly tanker, which will be fitted with additional equipment to increase maneuverability, can receive oil from Floating Production Storage and Offloading (FPSO) vessels and transport it from deepwater areas without pipeline access to refineries on the Gulf Coast.
Aker American Shipping President, Rob Kurz stated, "This is a very significant milestone for Aker American Shipping. Shuttle tankers represent an exciting new market and we are looking forward to opportunities to own more of these vessels. With the increasing demand for oil, and considerable resources in the Gulf of Mexico, this tanker will be an important part of the United States‘ energy infrastructure. I am confident that this vessel will be the first of many to serve this trade."
Upon completion, Aker American Shipping will lease the vessel to OSG America, who has in turn time chartered the vessel to Petrobras America, Inc. for use in transporting crude oil in the Gulf of Mexico. The shuttle tanker will serve Petrobras‘ Cascade and Chinook fields, about 250 miles south of New Orleans. The tanker is the eighth in a series of twelve tankers being built by Aker Philadelphia Shipyard for Aker American Shipping. Construction will commence soon on a second shuttle tanker, also to be leased to OSG America, and time chartered to Petrobras America, Inc. Four product tankers have already been delivered and are part of Aker American Shipping‘s fleet.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

RS at SEA JAPAN 2014

Russian Maritime Register of Shipping (RS) was the only Russian company to take part in SEA JAPAN 2014 exhibition and conference – one of the major exhibitions of the maritime industry.

Reports: Brazilian Tycoon Batista Investigated For Financial Crimes

Brazils federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering,

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

 
 
Maritime Careers / Shipboard Positions Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1296 sec (8 req/sec)