Keel of First Eco Tanker for APT laid
On Saturday, March 7, General Dynamics NASSCO hosted a keel laying ceremony for the first ECO tanker for American Petroleum Tankers (APT) under construction at the company's shipyard in San Diego. San Diego's First Lady, Mrs. Katherine Faulconer, was the honoree for the ceremony. San Diego's First Lady authenticated the keel of the first ECO tanker for APT by welding her initials onto a steel plate during the ceremony. The steel plate with her initials will be permanently affixed to the ship's keel and will remain with the vessel throughout its time in service.
NASSCO Cuts Steel on APT "ECO Tanker"
General Dynamics NASSCO started construction of another ship in its commercial shipbuilding backlog, starting construction of a second “ECO” tanker to be built for American Petroleum Tankers at a steel cutting ceremony in its San Diego shipyard. U.S. Rep. Scott Peters signaled the beginning of construction by pressing a button to cut the first piece of steel. NASSCO began construction on the first tanker in September 2014. As part of a five-tanker contract, the new ECO tankers solidify a mutual commitment between General Dynamics NASSCO and American Petroleum Tankers to design…
Kinder Morgan Bolsters Gulf Logistics Infrastructure
To capitalize on a flood of domestic and Canadian crude into the U.S. Gulf Coast, logistics giant Kinder Morgan Energy Partners is spending more than $1.5 billion in Houston to build the most flexible oil and fuel transport hub in the country. The company's expanding infrastructure smorgasbord includes a bit of almost everything at the increasingly crowded Houston Ship Channel - all next door to the biggest concentration of refiners in the country. The buildout, executives say, responds to the increasingly dynamic world of physical crude trading in North America…
Ceremony Marks the Construction of 5 American Tankers
General Dynamics NASSCO and City of San Diego Mayor Kevin Faulconer today signaled the start of construction of five American Petroleum Tankers at a steel cutting ceremony for the first tanker, the APT-1, at the NASSCO shipyard in San Diego. Joined by General Dynamics NASSCO executive leadership and Mayor Faulconer were representatives from Kinder Morgan Energy Partners, L.P., and Rob Kurz, vice president of Kinder Morgan Terminals and president of KMP subsidiary American Petroleum Tankers. “Today’s start of construction ceremony signifies our ongoing relationship with American Petroleum Tankers.
NASSCO to Build Additional Tanker for APT
General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (GD), has entered into a contract with an affiliate of American Petroleum Tankers (APT), a wholly owned subsidiary of Kinder Morgan Energy Partners, L.P. (KMP), for the design and construction of an additional 50,000 deadweight ton LNG-conversion-ready product carrier with a 330,000 barrel cargo capacity. Construction is scheduled to begin the fourth quarter of 2015, with delivery scheduled for the second quarter of 2017. This new tanker, supported by a long-term charter…
Jones Act Tanker Market to Grow with Oil Production Boom
The Jones Act has been blamed for everything from higher prices of goods and oil to a shortage of rock salt supply in the Northeast during the past winter, but the 94-year-old U.S. federal statute governing the U.S. coastal shipping trades will not be going away anytime soon. The solid status of this deeply entrenched U.S. federal maritime law is reflected in heavy investments by oil, logistics and shipping companies in this lucrative domestic shipping sector. Last December, Kinder Morgan spent nearly $1 billion in its acquisition of its first Jones Act tanker assets when it bought American Petroleum Tankers and State Class Tankers.
