Philly Shipyard, the U.S. unit of Philly Shipyard ASA, on Wednesday laid the keel for the third LNG-ready product tanker in a four vessel order for American Petroleum Tankers (APT), a Kinder Morgan unit.
When completed in 2017, the product tanker will be 600 feet long and capable of carrying 50,000 tons of crude oil or refined petroleum products, the shipyard said in its statement.
The Tier II 50,000 deadweight ton (dwt) product tankers are based on a Hyundai Mipo Dockyards (HMD) design which incorporates a 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.
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 3,600 TEU containerships for Matson Navigation Company, with planned deliveries in Q3 2018 and Q1 2019.