The following is the text of a news release from Philly Shipyard Inc. (PSI):
(PHILADELPHIA) — Philly Shipyard Inc., the sole operating subsidiary of Philly Shipyard ASA, on Wednesday delivered American Freedom, the second 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 26th 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, flexible cargo capability, and the latest regulatory requirements. The vessel has also received LNG Ready Level 1 approval from the American Bureau of Shipping (ABS). The 600-foot tanker has a carrying capacity of 14.5 million gallons of crude oil or refined products.
The shipyard has delivered 26 vessels in its nearly 20-year history. Currently, the shipyard has two additional 50,000-dwt tankers for APT and two 3,600-TEU containerships for Matson Navigation Co. Inc. under construction.