Shipbuilding contracts with APSI
The product tankers that are to be chartered to OSG will be constructed by Aker Philadelphia Shipyard (APSI) and delivered to the LeaseCos in accordance with the terms of construction agreements entered into between APSI and each of the LeaseCos. The vessels are based on a standard design from Hyundai, adjusted to conform to the building methodologies and practices of APSI. Each vessel shall be eligible for U.S. registry and both U.S. coastwise and international trade. Construction supervision has been outsourced to OSG Ship Management, Inc. since the vessels will be bareboat chartered to OSG upon delivery from APSI.
Overseas Houston
The Overseas Houston is the first product tanker owned by American Shipping Company for lease to subsidiaries of Overseas Shipholding Group.
Began in 2005 and delivered in the first quarter of 2007, the MT46 Veteran Class tanker is 600 feet long and can transport the equivalent of 14 million gallons of liquid product. The double-hulled, environmentally friendly vessel is currently in service to Shell Oil Company transporting refined petroleum products under that company‘s time charter agreement with OSG.
The vessel‘s sponsor is Mrs. Carolyn Arntzen, wife of OSG President & CEO Morten Arntzen.
Began in 2005 and delivered in the first quarter of 2007, the MT46 Veteran Class tanker is 600 feet long and can transport the equivalent of 14 million gallons of liquid product. The double-hulled, environmentally friendly vessel is currently in service to Shell Oil Company transporting refined petroleum products under that company‘s time charter agreement with OSG.
The vessel‘s sponsor is Mrs. Carolyn Arntzen, wife of OSG President & CEO Morten Arntzen.
Overseas Long Beach
The second MT46 Veteran Class product tanker owned by American Shipping Company is the Overseas Long Beach.
Delivered in June 2007, the Overseas Long Beach is the second tanker vessel built by Aker Philadelphia Shipyard and leased to subsidiaries of Overseas Shipholding Group. The ship is currently in service to BP Shipping, under that company‘s time charter with OSG.
Governor Ruth Ann Minner of Delaware is the vessel‘s sponsor.
Delivered in June 2007, the Overseas Long Beach is the second tanker vessel built by Aker Philadelphia Shipyard and leased to subsidiaries of Overseas Shipholding Group. The ship is currently in service to BP Shipping, under that company‘s time charter with OSG.
Governor Ruth Ann Minner of Delaware is the vessel‘s sponsor.
Overseas Los Angeles
The Overseas Los Angeles is the third product tanker owned by American Shipping Company for lease to subsidiaries of Overseas Shipholding Group.
Delivered in the fourth quarter of 2007, the ship became the second tanker built by APSI for service with BP Shipping. It was the third vessel delivered during 2007, and had the shortest building time of any vessel constructed by the yard to date. Following extremely successful sea trials, the ship was delivered with zero outstanding inspection comments.
The Overseas Los Angeles‘ sponsor is Mrs. Sandra Ridgway.
Delivered in the fourth quarter of 2007, the ship became the second tanker built by APSI for service with BP Shipping. It was the third vessel delivered during 2007, and had the shortest building time of any vessel constructed by the yard to date. Following extremely successful sea trials, the ship was delivered with zero outstanding inspection comments.
The Overseas Los Angeles‘ sponsor is Mrs. Sandra Ridgway.
Overseas New York
The fourth MT46 Veteran Class product tanker in American Shipping Company‘s fleet is the Overseas New York.
Like its three predecessors, the ship was constructed at Aker Philadelphia Shipyard and measures 600 feet in length. The vessel‘s April 2008 delivery marked the first transaction between Aker Philadelphia Shipyard and Aker American Shipping following the corporate reorganization which resulted in the split of ship owning and shipbuilding operations in December 2007.
The Overseas New York‘s sponsor is Mrs. Candace Williams.
Like its three predecessors, the ship was constructed at Aker Philadelphia Shipyard and measures 600 feet in length. The vessel‘s April 2008 delivery marked the first transaction between Aker Philadelphia Shipyard and Aker American Shipping following the corporate reorganization which resulted in the split of ship owning and shipbuilding operations in December 2007.
The Overseas New York‘s sponsor is Mrs. Candace Williams.
Overseas Texas City
The Overseas Texas City was delivered in the third quarter of 2008. The tanker is the fifth in a series of twelve to be delivered to American Shipping Company and in turn, chartered to OSG America.
The Overseas Texas City is the first vessel built at Aker Philadelphia Shipyard to comply with the Environmental Protection Agency’s latest Tier II requirements. The vessel was modified to incorporate three improved diesel powered electrical generating sets to run the vessel’s electrical system, which will result in lower levels of pollutants while in operation.
The Overseas Texas City‘s sponsor is Mrs. Jane Baldry.
The Overseas Texas City is the first vessel built at Aker Philadelphia Shipyard to comply with the Environmental Protection Agency’s latest Tier II requirements. The vessel was modified to incorporate three improved diesel powered electrical generating sets to run the vessel’s electrical system, which will result in lower levels of pollutants while in operation.
The Overseas Texas City‘s sponsor is Mrs. Jane Baldry.
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