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American Petroleum Tankers Affiliate Commits To Build Two New Product Tankers

APT was formed in 2006 to construct and operate product tankers in the domestic petroleum trades. APT’s current fleet consists of five double-hulled product tankers which were delivered by NASSCO) in 2009 and 2010.

About American Petroleum Tankers LLC:

American Petroleum Tankers Parent LLC and its subsidiaries (APT) is a U.S. based provider of Jones Act marine transportation services for refined petroleum products, crude oil, and chemicals in the U.S. domestic “coastwise” trade. The company’s fleet consists of five modern, double-hulled product tankers which were delivered from the National Steel and Shipbuilding Company (NASSCO) in 2009 and 2010.

About Blackstone:

Blackstone (NYSE: BX) is one of the world’s leading investment and advisory firms and is an experienced and active investor in the energy and natural resources sector. Funds managed by Blackstone have invested/committed approximately $6 billion in the sector to date across four continents. Blackstone seeks to create positive economic impact and long-term value for its investors, the companies they invest in, the companies they advise and the broader global economy. Their alternative asset management businesses include the management of private equity funds, real estate funds, hedge fund solutions, credit-oriented funds and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow us on Twitter @Blackstone.

Copyright Business Wire 2010
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