Alterna Captial Partners News

American Phoenix

BAE Systems joined with Mid Ocean Tanker Company (MOTC), Mid Ocean Marine and Alterna Captial Partners earlier this year to commission the American Phoenix, a U.S. Flag/Jones Act-qualified product-chemical tanker. Measuring 616 x 105 ft. with a laden draft of 36 ft. and a cargo capacity of 49,000 dwt, American Phoenix is the largest vessel ever built and launched in the State of Alabama. BAE Systems was contracted to complete construction of the American Phoenix and prepare it for use. The vessel is owned by MOTC, a joint venture between Mid Ocean Marine and private equity firm Alterna Capital Partners. The vessel will conduct trade initially in the Gulf of Mexico.