Philly Shipyard introduced that it has began building on the primary product tanker in a 4 vessel order for American Petroleum Tankers (APT).

The 600-foot lengthy vessel will be capable to transport 50,000 tons of crude oil or refined petroleum merchandise.

The 4 vessels, ordered by of Kinder Morgan subsidiary APT, are anticipated to be delivered in 2016 and 2017.

The Tier II vessels are based mostly on a Hyundai Mipo Dockyards design, which includes quite a few gas effectivity options, versatile cargo functionality and the newest regulatory necessities. The vessels can be constructed with consideration for using LNG for propulsion sooner or later.

Moreover, Philly Shipyard is constructing two 50,000 dwt product tankers for Crowley Maritime Corp. with deliberate deliveries throughout 2016, in addition to two 3,600 TEU containerships for Matson Navigation with deliberate deliveries in 2018.

Philly Shipyard is a U.S. subsidiary of Philly Shipyard ASA.

Writing by Nadeem (c) gCaptain