Kinder Morgan Tankers

American Petroleum Tankers (APT) and State Class Tankers (SCT) are 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 consists of five medium range Jones Act-qualified product tankers, each with 330,000 barrels of cargo capacity, and is one of the youngest in the industry. 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.

SCT has commissioned the construction of five medium range Jones Act-qualified product tankers, each with 330,000 barrels of cargo capacity. The vessels are scheduled to be delivered between 2015 and mid-2017 and are being constructed by General Dynamics’ NASSCO shipyard. Upon delivery, the SCT vessels will be operated pursuant to long-term time charters with a major integrated oil company.

In November 2014, Kinder Morgan completed its purchase of two tankers from Crowley Maritime Corporation for approximately $270 million. The MT Pennsylvania and the MT Florida engage in the marine transportation of crude oil, condensate and refined products in the United States, and are currently operating pursuant to multi-year charters with a major integrated oil company. The vessels each have approximately 330,000 barrels of cargo capacity and increased KMI’s operational fleet to seven tankers.

In December 2014, steel was cut for the second of five Jones Act tankers previously ordered by the company. These tankers are also supported by long-term time charters with major shippers. Construction of the first tanker, the Lone Star State, began in September 2014.

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Golden State

Sunshine State

Pelican State

Evergreen State

Evergreen State