Two ships being built by Aker Philadelphia to be used as shuttle tankers

(PHILADELPHIA, PA — October 8, 2007) Two vessels owned by Aker American Shipping (AAS), a builder of commercial ships, will be the first shuttle tankers operating in compliance with the U.S. Jones Act. The 46,000-dwt Veteran Class tankers will be used at the Chinook and Cascade fields in the Gulf of Mexico.

AAS is collaborating with Overseas Shipholding Group (OSG), a major tanker company, and Petrobras America, Inc. (Petrobras), a provider of petroleum products, to put the shuttle tankers into service.

Twelve tankers are under construction at Aker Philadelphia shipyard and are to be chartered to OSG. Two of them will be converted for shuttle tanker service for use with Petrobras.

Dave Meehan, AAS president and chief executive stated, “We are the first U.S. owner and builder entering the new and exciting shuttle tanker market where growth
prospects are seen as very strong. This is an important strategic milestone for Aker American Shipping and is another example of how we are reinventing and reinvigorating the U.S. Jones Act market. Since we began building ships in Philadelphia in 2000, we have been the first to construct containerships, product tankers, and now shuttle tankers.”

By Professional Mariner Staff