Kinder Morgan Tankers
American Petroleum Tankers (APT) is a subsidiary of Kinder Morgan Terminals and is engaged in the marine transportation of crude oil, condensate and refined products in the United States domestic trade, commonly referred to as the Jones Act trade.
APT’s current fleet is one of the most modern in the industry and consists of ten medium range Jones Act-qualified product tankers, each with 330,000 barrels of cargo capacity. Each of APT’s vessels is operating pursuant to long-term time charters with high quality counterparties, including major integrated oil companies, major refiners and the Military Sealift Command. APT’s vessels are operated by Crowley Maritime Corporation, which was founded in 1892 and is a leading operator and technical manager in the U.S. maritime industry.
APT has an additional six medium range Jones Act-qualified product tankers on order at shipyards in Pennsylvania and California. These vessels will be delivered in 2016 and 2017 and are creating thousands of quality manufacturing jobs. Once delivered, the vessels will each have a cargo capacity of approximately 330,000 barrels. They will also be the most fuel-efficient vessels in the Jones Act tanker fleet and will incorporate the latest environmental protection features.
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