Philly Shipyard Holds Ceremonial Keel Laying for First Product Tanker for Kinder Morgan
Philly Shipyard, Inc. (PSINC), the wholly-owned U.S. subsidiary of
Philly Shipyard ASA (Oslo: PHLY), held a ceremonial Keel Laying for the
first product tanker in a four vessel order for American Petroleum
Tankers (APT), a Kinder Morgan, Inc. subsidiary. When completed at the
end of this year, the vessel will be 600 feet long and capable of
carrying 50,000 tons of crude oil or refined petroleum products.
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 and guests from Philly Shipyard, Kinder Morgan
and the United States Coast Guard were in attendance to place the coins
as a sign of good fortune and safe travels. Philly Shipyard
representatives included the most recent recipients of the company’s
“Safety Team of the Quarter” award, who were recognized for exemplifying
safe operation during the fourth quarter of 2015.
Steinar Nerbovik, Philly Shipyard’s President and CEO, remarked, “Today
marks our 25th Keel Laying celebration and I couldn’t be more
proud of the 1,200 men and women of Philly Shipyard for their unyielding
pride and passion that continues to bring all of our vessels to life.”
“This is an exciting day for Kinder Morgan. We look forward to taking
delivery of this state-of-the-art vessel at the end of 2016,” said
Robert Kurz, vice president of Kinder Morgan Terminals and president of
APT.
The Tier II 50,000 dead weight ton (dwt) product tankers are based on a
proven Hyundai Mipo Dockyards (HMD) design which incorporates numerous
fuel efficiency features, flexible cargo capability and the latest
regulatory requirements. The vessels will be constructed with
consideration for the use of LNG for propulsion in the future.
Philly Shipyard has delivered 22 ships in its 17 year history. The four
product tankers for APT are currently under construction and have
planned deliveries in 2016 and 2017. Also under construction at the
shipyard are two 50,000 dwt product tankers for Crowley Maritime
Corporation with planned deliveries during 2016 and two 3,600 TEU
containerships for Matson Navigation Company, Inc. with planned
deliveries in 2018. For more information on the shipyard and its
projects, please visit www.phillyshipyard.com.
Kinder Morgan, Inc. (NYSE: KMI) is the largest energy infrastructure
company in North America. It owns an interest in or operates
approximately 84,000 miles of pipelines and approximately 165 terminals.
The company’s pipelines transport natural gas, gasoline, crude oil, CO2
and other products, and its terminals store petroleum products and
chemicals, and handle bulk materials like coal and petroleum coke. For
more information please visit www.kindermorgan.com.
Philly Shipyard is a leading U.S. commercial shipyard constructing
vessels for operation in the Jones Act market. It possesses a
state-of-the-art shipbuilding facility and has earned a reputation as
the preferred provider of oceangoing merchant vessels with a track
record of delivering quality ships. Philly Shipyard is listed on the
Oslo Stock Exchange and is majority-owned by Aker Capital II AS, which
in turn is majority-owned by Aker ASA. Aker is a Norwegian industrial
investment company that creates value through active ownership. Aker's
investment portfolio is concentrated on key Norwegian industries that
are international in scope: oil and gas, fisheries and biotechnology,
and marine assets. Aker's industrial holdings comprise ownership
interests in Aker Solutions, Kvaerner, Det norske oljeselskap, Aker
BioMarine, Ocean Yield, Havfisk and Akastor.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160127006172/en/
Copyright Business Wire 2016
Source: Business Wire
(January 27, 2016 - 1:32 PM EST)
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