Tankers: News for Oil & Gas and Hydrocarbon Industries  Membership Services Ľ
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

AKPS Signs Letter of Intent for Two Aframax Tankers

Source: www.gulfoilandgas.com 7/25/2011, Location: North America

Share |

Aker Philadelphia Shipyard ASA announced that its sole operating subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), has signed a Letter of Intent with SeaRiver Maritime, Inc. (SeaRiver), Exxon Mobil Corporationís U.S. marine affiliate, for the construction of two aframax tankers. The 820 foot long, 115,000 deadweight ton tankers are intended to be used to transport Alaskan North Slope crude oil from Prince William Sound to the U.S. West Coast.

Project planning work is currently underway in conjunction with APSIís technical partner, Samsung Heavy Industries. Construction of the first vessel is expected to begin by mid-2012 and both vessels are scheduled for delivery in 2014. The vessels will be equipped with double hull protection, the latest navigation and communications equipment, and energy efficient engines .It is expected that the parties will enter into definitive agreements based on the Letter of Intent during Q3 2011. The execution of those agreements is subject to the satisfaction of certain conditions precedent, including board approvals and the completion of definitive documentation agreeable to all parties.

Aker Philadelphia Shipyard is currently constructing two 46,000 deadweight product tankers for delivery in late 2012 and early 2013, respectively.

Tankers News in United States >>

Hess Completes Sale, Establishes Midstream JV Valued at $5.35b
United States >>  7/1/2015 - Hess Corporation completed the previously sale of a 50 percent interest in its Bakken midstream assets to Global Infrastructure Partners for cash cons...
CB&I Wins $115m Contract for Ethylene Storage Facility
United States >>  6/30/2015 - CB&I has been awarded a contract valued at approximately $115 million, as part of the scope of the ethylene project, by Ingleside Ethylene LLC, a join...

Canada Economy - June 2015
Canada >>  6/25/2015 - In Canada, the slow-down of the US economy and declining income from the energy sector have been felt considerably. After strong growth of industrial ...
US Product Markets and Refinery Operations - June 15
United States >>  6/24/2015 - US gasoline demand stood at around 9.3 mb/d in May. This was about 400 tb/d higher than the previous month and 380 tb/d higher than the same month a y...

OECD Americas Oil Demand in June 2015
United States >>  6/21/2015 - US oil demand was bullish in March 2015, recording the highest monthly y-o-y growth since December 2013, at 0.7 mb/d or 3.9%. Approximately 50% of the...
US Stock Movements - June 2015
United States >>  6/20/2015 - Preliminary data for May shows that total commercial oil stocks rose slightly by 1.9 mb after increasing sharply by more than 30 mb in March and April...



Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 |

More News

Oil & Gas Companies in United States >>

Related Links

Countries Quick Links

CA US
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed