Alaska Tanker Company

What Alaska Tanker Company does

Alaska Tanker Company (ATC) is a US-flag marine transportation provider that operates a fleet of four 195,000 DWT double-hull supertankers — the Alaskan Frontier, Alaskan Explorer, Alaskan Navigator, and Alaskan Legend — built at NASSCO in San Diego between 2004 and 2006. Each vessel has approximately 1.3 million barrels of cargo capacity, and the vessels incorporate redundant safety features including double-hull construction, twin diesel-electric propulsion, twin propellers and rudders, seawater-lubricated propeller shafts, and internally routed cargo piping. The fleet transports Alaska North Slope crude oil from the Trans Alaska Pipeline terminal at Valdez, Alaska to West Coast refineries including Puget Sound, San Francisco Bay Area, Long Beach and, historically, Tacoma and Hawaii.

ATC generates revenue primarily through long-term time charters — the bulk of the fleet is time-chartered to Hilcorp/Harvest for Alaska North Slope crude transportation — supplemented by Contracts of Affreightment (COAs) and cargo exchanges with ConocoPhillips (deliveries to Ferndale refinery), BP (deliveries to Cherry Point refinery), ExxonMobil, and historically U.S. Oil (now part of Equilon). The company also opportunistically engages in lightering trades on the US East Coast. ATC is the first US ship operating company to achieve American Bureau of Shipping ISO 14001 and SQE certification and the second company awarded Washington State's ECOPRO certification, positioning safety, environmental performance, and US-flag/Jones Act eligibility as core operational differentiators.

ATC is a wholly-owned subsidiary of publicly traded Overseas Shipholding Group (OSG), which provides corporate services in human resources, IT, accounting, and insurance/risk management. The company is headquartered in Beaverton, Oregon, with operations hubs in Valdez (at the Alyeska facility, terminus of the Trans Alaska Pipeline) and Portland, Oregon (Swan Island warehouse), and employs approximately 200 people including shipboard crew and shore-based personnel. Leadership includes CEO Sam Norton (also CEO/President of OSG, appointed December 2016), COO and Fleet Manager Chris Merten (promoted February 2018), Marine Team Leader Captain John D. Merrigan, and General Administrator Jeff Reynolds.

Name

Alaska Tanker Company

Legal name

Alaska Tanker Company

Website

https://aktanker.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

51–100 employees

Short description

Alaska Tanker Company operates a US-flag fleet of four 195,000 DWT double-hull tankers transporting Alaska North Slope crude oil from Valdez to West Coast refineries for major oil company customers including Hilcorp/Harvest, ConocoPhillips, BP, and ExxonMobil via time charters and contracts of affreightment.

Ownership category

akta.pro rank

Product category

Marine Transportation Services

NAICS

Coastal and Great Lakes Freight Transportation (483113)

SIC

Water Transportation (4400)

akta.pro primary industry

Crude Oil Tanker Shipping (EUALADAG)

akta.pro secondary industries

Liquid Bulk / Crude & Product Tanker Operators (VLCC/Suezmax/Aframax/MR) (TLADABAD), Crude Oil & Petroleum Products Tanker Transport (TLADALAA)

Keywords

• Crude oil transportation
• Marine shipping services
• Double-hull tankers
• Time charter services
• Petroleum logistics

Headquarters

HQ city

Beaverton

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Others

Revenue model

1. Time Charter - Hilcorp/Harvest: Primary revenue stream through long-term time charters for transportation of Alaska North Slope crude oil on behalf of Hilcorp/Harvest
2. Contracts of Affreightment (COAs): Crude oil delivery contracts with ConocoPhillips, BP, ExxonMobil and others through COAs and cargo exchanges
3. Other Trades (Lightering): Occasional employment in other trades such as lightering cargo on the US East Coast

Go-to-market motion1 record

Distribution channels3 records

Marketing channels1 record

Core offering

Alaska Tanker Company operates a fleet of four 195,000 DWT double-hull super redundant tankers (the Alaska Class vessels) providing maritime transportation of Alaska North Slope crude oil from Valdez, Alaska to U.S. West Coast refineries under long-term time charters and Contracts of Affreightment (COAs). The company also provides integrated ship management services covering operations integrity, risk management, fleet personnel, maintenance, and regulatory compliance for major oil company customers.

Product overview

Alaska Tanker Company operates a fleet of four state-of-the-art Alaska Class double-hull tankers (Alaskan Frontier, Alaskan Explorer, Alaskan Navigator, and Alaskan Legend) providing integrated ship management and marine transportation services for Alaska North Slope crude oil. Each vessel has a 1.3 million barrel capacity, and the fleet operates primarily on time charter to Hilcorp/Harvest and under Contracts of Affreightment with major oil companies including ConocoPhillips, BP, ExxonMobil, and others. The company also performs ship management services including operations integrity, risk management, and regulatory compliance oversight.

Differentiator

Problem solved

Functional benefit

Products and services

• Alaska Class Vessels Fleet A fleet of four 195,000 DWT state-of-the-art double-hull tankers providing marine transportation of Alaska North Slope crude oil along the U.S. West Coast, with capacity of approximately 1.3 million barrels per vessel (5.2 million barrels total fleet capacity).
• Marine Transportation Services Transportation of Alaska North Slope crude oil via time charter and Contracts of Affreightment (COA) from Valdez, Alaska to U.S. West Coast ports including Puget Sound, San Francisco, and Long Beach, serving major oil company customers.
• Ship Management Services Comprehensive ship management services including operations integrity, risk management, fleet personnel management, maintenance, and regulatory compliance oversight for the company's own vessels and customers' maritime operations.

Quantifiable outcome

• Environmental incidents, injuries, and illnesses have declined dramatically
• +4 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators6 records

Recent moves5 records

Expansion highlights2 records

Direct peers

• Stena Bulk: Swedish family-owned tanker operator with a large fleet of MR and Suezmax product and crude tankers serving global oil majors. Comparable to ATC as a privately-held tanker operator focused on safety, environmental performance, and long-term customer relationships.
• Scorpio Tankers: Product and crude tanker operator with one of the largest fleets of MR, LR1, and LR2 tankers globally. Comparable to ATC as a tanker owner-operator serving oil-major customers, though focused on product and mid-size crude tankers.
• International Seaways: U.S.-listed tanker company with a diversified fleet of VLCCs, Suezmax, Aframax/LR2, and MR product tankers serving global oil-major customers. Comparable to ATC in crude/product tanker transportation with time-charter and COA revenue model.
• Euronav: Belgium-based pure-play crude tanker company with VLCC and Suezmax tonnage. Directly comparable to ATC as a large-scale crude tanker operator serving major oil company customers with long-term contracts.
• Ardmore Shipping: Product and chemical tanker operator with a modern fleet of MR and Eco-design MR tankers. Comparable to ATC as a smaller, focused tanker operator with emphasis on safety, efficiency, and long-term customer relationships.
• DHT Holdings: Crude tanker pure-play operating a fleet of VLCCs on time charter to major oil traders and oil majors. Comparable to ATC as a dedicated crude tanker operator with long-term contract revenue structure, though focused on larger VLCC class.
• Torm: One of the world's largest product tanker operators with a fleet of MR and LR1 tankers serving global oil-major and trading-house customers. Comparable to ATC as a pure-play tanker operator with long-term contract exposure to energy majors.
• Overseas Shipholding Group: Publicly-traded parent company of ATC and one of the largest independent tanker operators in the world, with crude, product, and chemical tonnage globally. Directly comparable as a crude/product tanker owner-operator and ATC's ultimate parent.
• Frontline Ltd: World's largest independent crude tanker operator with a fleet of VLCCs and Suezmax tankers. Comparable to ATC as a pure-play crude tanker owner-operator serving the same global oil-major customer base, although at a larger vessel size class.
• Teekay Corporation: Maritime company with significant tanker and LNG operations serving global oil and gas customers. Comparable to ATC in crude/product tanker transportation with a focus on long-term contracts and major energy company relationships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/alaskatankerco
• Facebookfacebook.com/AKTanker
• LinkedInlinkedin.com/company/alaska-tanker-company

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alaska Tanker Company