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Friday, January 19, 2018

American Petroleum Tankers News

Ceremony Marks the Construction of 5 American Tankers

APT 1 Start of Construction Ceremony

General Dynamics NASSCO and City of San Diego Mayor Kevin Faulconer today signaled the start of construction of five American Petroleum Tankers at a steel cutting ceremony for the first tanker, the APT-1, at the NASSCO shipyard in San Diego. Joined by General Dynamics NASSCO executive leadership and Mayor Faulconer were representatives from Kinder Morgan Energy Partners, L.P., and Rob Kurz, vice president of Kinder Morgan Terminals and president of KMP subsidiary American Petroleum Tankers.

NASSCO to Build Additional Tanker for APT

General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (GD), has entered into a contract with an affiliate of American Petroleum Tankers (APT), a wholly owned subsidiary of Kinder Morgan Energy Partners, L.P. (KMP), for the design and construction of an additional 50,000 deadweight ton LNG-conversion-ready product carrier with a 330,000 barrel cargo capacity. Construction is scheduled to begin the fourth quarter of 2015, with delivery scheduled for the second quarter of 2017. This new tanker, supported by a long-term charter, will be constructed at the NASSCO shipyard in San Diego, meeting the Jones Act requirement that ships carrying cargo between U.S. ports be built in U.S. shipyards.

NASSCO Cuts Steel on APT "ECO Tanker"

Kevin Graney, vice president and general manager of General Dynamics NASSCO. (Photo: Greg Trauthwein)

General Dynamics NASSCO started construction of another ship in its commercial shipbuilding backlog, starting construction of a second “ECO” tanker to be built for American Petroleum Tankers at a steel cutting ceremony in its San Diego shipyard. U.S. Rep. Scott Peters signaled the beginning of construction by pressing a button to cut the first piece of steel. NASSCO began construction on the first tanker in September 2014. As part of a five-tanker contract, the new ECO tankers solidify a mutual commitment between General Dynamics NASSCO and American Petroleum Tankers to design…

NASSCO Delivers Fourth Product Tanker to APT

Bay State underway during sea trials in September 2016 (Photo: General Dynamics NASSCO)

General Dynamics NASSCO has delivered Bay State, the fourth of five new Jones Act ECO Class product carriers under contract with American Petroleum Tankers (APT). The vessel was delivered on Monday, September 26 during a signing ceremony at the NASSCO shipyard in San Diego. The ECO Class design Bay State is a 610-foot-long, 50,000 deadweight-ton, LNG-conversion-ready product tanker with a 330,000 barrel cargo capacity. The ship’s construction began in May 2015. “The Bay State is the product of world-leading design…

NASSCO starts Work on 3rd ECO Tanker

Courtesy of American Petroleum Tankers

General Dynamics NASSCO signaled the start of construction of a third "ECO" tanker to be built for American Petroleum Tankers at a steel cutting ceremony at NASSCO's San Diego-based shipyard. As part of a five-tanker contract, the new ECO tankers solidify a mutual commitment between General Dynamics NASSCO and American Petroleum Tankers to design, build and operate innovative and increased energy efficient and fuel-saving products. Each of the five 50,000 deadweight ton product carriers to be constructed by NASSCO will be LNG-conversion ready and will carry 330,000 barrels of cargo.

NASSCO Christens 4th ECO Class Tanker

Photo courtesy of General Dynamics NASSCO

General Dynamics NASSCO Christens Fourth ECO Class ECO Product Carrier for American Petroleum Tankers. On Saturday, September 17, General Dynamics NASSCO hosted a christening ceremony for the fourth ECO Class tanker for American Petroleum Tankers (APT) under construction at the company's shipyard in San Diego. U.S. Representative Juan Vargas spoke at the ceremony, and the ship’s sponsor, Mrs. Melissa DeVeau, christened the ship with the traditional break of a champagne bottle alongside the ship.

NASSCO Christens Jones Act ECO Tanker

Garden State (Photo: General Dynamics NASSCO)

U.S. shipbuilder General Dynamics NASSCO launched and christened Garden State, another ECO Class tanker due to join the Jones Act fleet. Launched and christened on Saturday, May 7, the new ship, will join the ranks as one of the most fuel-efficient and environmentally friendly product tankers in the world, the builder said. Garden State is the third of a five-tanker contract between NASSCO and American Petroleum Tankers, which calls for the design and construction of five 50,000 deadweight ton, LNG-conversion-ready product carriers with a 330,000 barrel cargo capacity.

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. This delivery is the 25th 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…

APT’s 2nd ECO Class Product Carrier Christened

Magnolia State (Photo: General Dynamics NASSCO)

On Saturday, April 23, General Dynamics NASSCO hosted a christening ceremony for the second Jones Act ECO Class tanker for American Petroleum Tankers (APT) under construction at the company's shipyard in San Diego. U.S. Representative Scott Peters spoke at the ceremony, and the ship’s sponsor, Trang Cormack, christened the ship with the traditional break of a champagne bottle alongside the ship. The ECO Class tanker, the Magnolia State, is the second of a five-tanker contract between NASSCO and APT…

APT Commits to Build Two New Product Tankships in US

American Petroleum Tankers (APT) affiliate intends to order the new ships from NASSCO Shipyared, San Diego. An affiliate of American Petroleum Tankers Parent LLC (“APT”), a company majority owned by funds managed by Blackstone on behalf of its investors, announce its commitment to build two new state-of-the-art tanker vessels at the National Steel and Shipbuilding Company (NASSCO) shipyard in San Diego. The commitment to build is contingent upon approval of a $340 million Title XI loan guarantee from the U.S. Department of Transportation's Maritime Administration (“MarAd”) that would be used to refinance APT’s existing five tankers. Should construction of the vessels proceed, they will be the first new product tankers to be ordered in the U.S. in two years.

Crowley Manages Tankers for American Petroleum

The Settlement agreement recently approved by a U.S. Bankruptcy Court Judge in New York became effective July 28, clearing the way for an investor group led by The Blackstone Group to terminate their relationship with U.S. Shipping and to retain Crowley Maritime Corporation to manage five U.S.-flag petroleum tankers for the newly renamed company, American Petroleum Tankers LLC. The five tankers, two of which are in operation and three of which are due for delivery from shipbuilder NASSCO in San Diego through 2010, were to be owned by a joint venture controlled primarily by affiliates of The Blackstone Group and U.S. Shipping Partners. U.S. Shipping filed for bankruptcy protection under Chapter 11 earlier this year.

NASSCO Starts Building APT’s 4th ECO Tanker

Congresswoman Susan Davis measures the first piece of steel for the fourth American Petroleum Tanker. (Photo: General Dynamics NASSCO)

Ceremony signaled the start of construction for APT-4 ECO Tanker, the fourth of five Jones Act tanker ships to be constructed at NASSCO for American Petroleum Tankers. General Dynamics NASSCO signaled the start of construction of the fourth of five “ECO” tankers to be built for American Petroleum Tankers (APT) at a steel cutting ceremony on Friday, May 8, at NASSCO’s San Diego shipyard. U.S. Rep. Susan Davis helped signal the beginning of construction by pressing a button to cut the first piece of steel.

General Dynamics NASSCO Delivers Fifth Product Carrier Ship

Today General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE:GD), delivered the fifth ship of its State-class product carriers to American Petroleum Tankers, LLC, a joint venture of the Blackstone Group. The ship is named Evergreen State, in honor of the state of Washington. A christening ceremony for Evergreen State (Hull 505) was held to commemorate the ship’s entrance into the U.S. Fleet. The ship’s sponsor was Carol Kurz, wife of American Petroleum Tankers’ Chief Executive Officer Robert Kurz. Carol Kurz broke the traditional bottle of champagne across the ship’s side in front of an audience of about 200 who had gathered at the shipyard to witness the ceremony.

General Dynamics NASSCO Christens First ECO Tanker for APT

General Dynamics NASSCO hosted a christening ceremony for the first ECO tanker for American Petroleum Tankers (APT) under construction at the company's shipyard in San Diego. San Diego Mayor Kevin Faulconer spoke at the ceremony, and the ship’s sponsor, Mrs. Helen Downs, christened the ship with the traditional break of a champagne bottle alongside the ship. The ECO tanker, the Lone Star State, is the first of a five-tanker contract between NASSCO and APT, which calls for the design and construction of five 50,000 deadweight ton, LNG-conversion-ready product carriers with a 330,000 barrel cargo capacity. The 610-foot-long tankers are a new “ECO” design, offering improved fuel efficiency and the latest environmental protection features including a Ballast Water Treatment System.

Ocean Ships, APT, Awarded DoD Contract Modifications

USNS Montford Point: Photo MSC

1. Ocean Ships, Inc., Houston, Texas, is being awarded a $10,461,769 modification for the previously awarded firm-fixed-price contract (N00033-13-C-3333) to exercise the second option period of this contract for the operation and maintenance of two Mobile Landing Platform ships, USNS Montford Point and USNS John Glenn. These ships support the Military Sealift Command’s prepositioning fleet by transferring rolling stock and other cargos in-stream with other ships via ramp connections, as well as landing and deploying air-cushion non-displacement craft by means of inclined decks.

NASSCO Delivers Eco Class Tanker to APT

General Dynamics NASSCO Delivers First ECO Class Tanker for American Petroleum Tankers courtesy NASSCO

General Dynamics NASSCO, today, delivered the company's first ECO Class tanker, the Lone Star State, to American Petroleum Tankers (APT). The new ECO Class tanker symbolizes the emerging direction of the shipping industry in the U.S. toward cleaner, more fuel-efficient modes of transporting product. The tanker is the first of a five-tanker contract between NASSCO and APT, which calls for the design and construction of five 50,000 deadweight-ton, LNG-conversion-ready product tankers with a 330,000 barrel cargo capacity.

APT’s Palmetto State Passes Sea Trials

Photo: NASSCO

The Palmetto State, the eighth and final tanker to be constructed at General Dynamics NASSCO as part of a dual-customer program, has recently returned from its first run at sea. The Palmetto State and her sister ships are the most fuel-efficient tankers to service the Jones Act trade, according to NASSCO, who built all of the vessels at its San Diego shipyard and partnered with South Korean ship designer Daewoo Ship Engineering Company (DSEC) for the vessels’ design. With an “ECO” design, the tankers offer 33 percent increased fuel efficiency and cleaner shipping options.

NASSCO Delivers Fourth Product Carrier

On July 13, General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), delivered the fourth ship of its State-class product carriers to American Petroleum Tankers, LLC, a joint venture of the Blackstone Financial Group.  The ship is named Empire State, the state nickname of New York. NASSCO began constructing the Empire State in January 2009.  At a length of 600.4 ft, the double-hulled ship has a cargo capacity of approximately 331,000 barrels.  The Empire State will be used initially to carry refined petroleum products for the Department of Defense under a commercial charter. 

NASSCO Lays Keel of Fifth Product Carrier

General Dynamics NASSCO, a wholly-owned subsidiary of General Dynamics (NYSE: GD), laid the keel of the fifth ship of its State-class product carriers.  The ship will be named Evergreen State, the state nickname of Washington. NASSCO began constructing the future Evergreen State last May.  The ship will be double-hulled and have a cargo capacity of approximately 331,000 barrels.  It will be used in Jones Act service, carrying petroleum and chemical products between U.S. ports.  The shipyard anticipates delivering the vessel to American Petroleum Tankers, LLC, in the fourth quarter of 2010.  (www.nassco.com)

NASSCO Delivers Third Product Carrier

General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), delivered the third ship of its State-class of product carriers to American Petroleum Tankers, LLC, a joint venture of the Blackstone Group. The ship is named Sunshine State, the state nickname of Fla. NASSCO began constructing the Sunshine State in August 2007. At a length of 600.4 feet, the double-hulled ship has a cargo capacity of approximately 331,000 barrels and will be used to carry petroleum and chemical products in Jones Act service between U.S. ports. “Completed 11 months ahead of our original schedule and under budget, the Sunshine State is the third product carrier NASSCO has delivered this year and reflects greatly upon the skilled shipbuilders in San Diego…

NASSCO Delivers Garden State to APT

The Garden State on sea trials (Photo: General Dynamics NASSCO)

Marking its seventh ship delivery in the span of just over a year, General Dynamics NASSCO has delivered the newly built ECO Class tanker Garden State for American Petroleum Tankers. Garden State was delivered during a special signing ceremony and is one of three classes of ships delivered by the San Diego-based shipyard since June of last year. “In the past year, NASSCO shipbuilders have delivered seven ships – or the equivalent to 100,000 tons worth of steel,” said Kevin Graney, vice president and general manager for General Dynamics NASSCO.

APT Contracts NASSCO to Build Four Tankers

Photo: NASSCO

American Shipbuilder General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, announced that it has entered into a contract with an affiliate of American Petroleum Tankers (APT), a company majority owned by funds managed by Blackstone on behalf of its investors, for the design and construction of four 50,000 deadweight ton LNG-conversion-ready product carriers with a 330,000 barrel cargo capacity. The contract includes options to build four additional ships. Construction of the first tanker is scheduled to begin in the third quarter of 2014…

NASSCO Delivers Second ECO Tanker to APT

ECO Class tanker is one of the most fuel-efficient and environmentally friendly tankers in the world Photo NASSCO

On Thursday, May 19, shipbuilders at General Dynamics NASSCO delivered the Magnolia State to longtime customer American Petroleum Tankers (APT). The ECO Class tanker is one of the most fuel-efficient and environmentally friendly tankers in the world and symbolizes the emerging future of green shipping. It is also the fifth ship NASSCO shipbuilders have delivered in the past eight months. The Magnolia State is the second of a five-tanker contract between NASSCO and APT, which calls for the design and construction of five 50…

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