Friday, August 21, 2015
Kinder Morgan Inc. (KMI, Houston) is expanding its fleet of Jones Act product tankers and has signed a $568-million agreement with Philly Tankers LLC for the construction of four 50,000-deadweight-ton Tier II tankers. The vessels will be built at the Aker Philadelphia Shipyard in Philadelphia. The four new vessels will increase Kinder Morgan’s Jones Act tanker fleet to 16 ships by late 2017, of which 14 are under long-term contracts.