Philly Shipyard delivers last LNG-ready tanker to APT

Philly Shipyard, the U.S. unit of Philly Shipyard ASA delivered the American Pride, the last of four LNG-ready to American Petroleum Tankers, a Kinder Morgan unit.

The 50,000-dwt product tanker is based on a Hyundai Mipo Dockyards (HMD) design that incorporates 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 American Pride, like its three sister ships, was originally under contract with Philly Tankers, a shipping company established in June 2014 by Philly Shipyard and certain other investors to provide major oil companies and other end-users with modern tonnage.

In August 2015, Philly Tankers signed deals with APT for the assignment of Philly Tankers’ shipbuilding contracts and related assets to APT.