American Petroleum Tankers

What American Petroleum Tankers does

American Petroleum Tankers (APT) is a Houston-headquartered, wholly-owned subsidiary of Kinder Morgan Terminals that operates the largest and most modern Jones Act-qualified medium range product tanker fleet in the United States. The fleet comprises 16 vessels, each with 330,000 barrels of cargo capacity (approximately 5.28 million barrels total), spanning four vessel classes — American Class, ECO Class, State Class, and Veteran Class — with nine state-of-the-art vessels delivered between 2015 and 2017 from U.S. shipyards. APT's vessels transport crude oil, condensate, and refined petroleum products exclusively in U.S. domestic trade under Jones Act requirements.

APT generates revenue exclusively through long-term time charter agreements, providing the vessel, crew, and maintenance while counterparties pay fixed daily or period rates for transportation services. Its customer base consists of major integrated oil companies, major refiners, and the U.S. Military Sealift Command, all of whom require Jones Act-compliant domestic maritime capacity. Vessel operations are managed by Crowley Maritime Corporation, a U.S. maritime operator founded in 1892, under a core technical management and operating partnership. As a subsidiary of Kinder Morgan Terminals — itself part of Kinder Morgan Inc. (NYSE: KMI) — APT's marine transportation services are integrated with the parent's 136-terminal network and approximately 141 million barrels of liquids storage capacity, providing downstream connectivity at Gulf, Atlantic, and Midwest ports.

Name

American Petroleum Tankers

Legal name

American Petroleum Tankers

Website

https://americanpetroleumtankers.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

American Petroleum Tankers is a Kinder Morgan Terminals subsidiary operating the largest U.S. Jones Act-qualified fleet of 16 medium range product tankers (5.28 million barrels capacity), serving major integrated oil companies, refiners, and the Military Sealift Command under long-term time charters.

Ownership category

akta.pro rank

Product category

Marine Transportation Services (Jones Act Tanker Shipping)

akta.pro primary industry

Liquid Bulk / Crude & Product Tanker Operators (VLCC/Suezmax/Aframax/MR) (TLADABAD)

akta.pro secondary industry

Crude Oil & Petroleum Products Tanker Transport (TLADALAA)

Keywords

• Jones Act tankers
• Marine transportation
• Product tanker chartering
• Domestic crude shipping
• Refined petroleum transport

Headquarters

HQ city

Plymouth Meeting

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain

Revenue model

1. Marine Transportation Charters: APT generates revenue through long-term time charter contracts with major integrated oil companies, major refiners, and the Military Sealift Command. Each vessel operates pursuant to long-term charters under which the company provides the vessel, crew, and maintenance while counterparties pay a fixed daily or period rate for transportation services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

American Petroleum Tankers (APT) provides domestic marine transportation of crude oil, condensate, and refined petroleum products via a fleet of 16 medium range Jones Act-qualified product tankers, each with 330,000 barrels of cargo capacity. Vessels are made available to customers under long-term time charter agreements in which APT supplies the vessel, crew, and maintenance while counterparties pay a fixed daily or period rate. Operations are managed by Crowley Maritime Corporation, and the fleet operates exclusively in U.S. domestic trade (Jones Act trade).

Product overview

American Petroleum Tankers (APT) is a subsidiary of Kinder Morgan Terminals engaged in marine transportation of crude oil, condensate and refined products exclusively in U.S. domestic trade (Jones Act trade). APT operates the largest and most modern fleet in the industry, consisting of sixteen medium range Jones Act-qualified product tankers, each with 330,000 barrels of cargo capacity. The fleet includes four vessel classes: American Class, ECO Class, State Class, and Veteran Class tankers. Nine state-of-the-art vessels were delivered between 2015 and 2017, constructed in U.S. shipyards. Vessels are operated by Crowley Maritime Corporation under long-term charters with major integrated oil companies, major refiners, and the Military Sealift Command.

Differentiator

Problem solved

Functional benefit

Brands

• American Class Tankers: Class of tankers operated by APT
• ECO Class Tankers
• State Class Tankers
• Veteran Class Tankers

Products and services

• Jones Act Product Tanker Fleet (Marine Transportation Services) Marine transportation fleet of sixteen medium range Jones Act-qualified product tankers, each with 330,000 barrels of cargo capacity, providing domestic marine transportation of crude oil, condensate, and refined products in U.S. Jones Act trade under long-term time charter agreements with major integrated oil companies, major refiners, and the Military Sealift Command.

Quantifiable outcome

• Total fleet capacity of approximately 5.28 million barrels (16 vessels × 330,000 barrels)

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• Crowley Maritime CorporationcoreStrategic or Co-development PartnerCrowley Maritime Corporation operates APT's vessels as technical manager and operator. Founded in 1892, Crowley is a leading operator and technical manager in the U.S. maritime industry, providing vessel operations, crew management, and maritime expertise for the 16-vessel Jones Act tanker fleet.
• Kinder Morgan TerminalscoreOthersAPT is a wholly-owned subsidiary of Kinder Morgan Terminals, the largest independent terminal operator in North America. APT's tanker operations are integrated into Kinder Morgan's broader energy infrastructure network, providing marine transport services complementary to Kinder Morgan's 136-terminal network and 141 million barrels of liquids storage capacity.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Crowley Maritime Corporation: Crowley is the technical manager and operator of APT's 16-vessel fleet under a strategic partnership, and also operates its own Jones Act tankers and government cargo contracts (including Military Sealift Command work). Highly comparable as a direct Jones Act product tanker operator and vessel manager.
• Kirby Corporation: Kirby is the largest domestic marine transportation operator in the U.S., moving petrochemicals, refined products, and crude oil via tank barges. Comparable as a major U.S. marine petroleum transportation provider serving similar oil major and refiner customers, though via barges rather than ocean tankers.
• Bouchard Transportation: Bouchard is one of the largest independent Jones Act barge operators transporting petroleum products in U.S. coastal waters. Comparable as a Jones Act petroleum marine transportation provider competing for similar refiner and oil major cargo.
• Harley Marine Services (Penn Maritime): Harley Marine / Penn Maritime operates a Jones Act fleet transporting petroleum products and chemicals along the U.S. East and Gulf Coasts. Comparable as a Jones Act petroleum marine transportation provider competing in similar trades.
• Overseas Shipholding Group (OSG): OSG operates a fleet of U.S.-flag and international tankers transporting crude oil and refined products. Directly comparable as a Jones Act and international product/crude tanker operator serving similar oil major and refiner customers.
• Moran Towing Corporation: Moran Towing operates tugboats and tank barges transporting petroleum and chemicals in U.S. Atlantic and Gulf Jones Act trade. Comparable as a marine transportation service provider to refineries and oil majors in similar coastal trades.
• Vane Brothers: Vane Brothers operates a fleet of tugboats and petroleum tank barges in U.S. East Coast and Gulf Jones Act trade. Comparable as a domestic Jones Act marine petroleum transportation competitor serving similar refined product distribution customers.
• Centerline Logistics: Centerline Logistics operates Jones Act tugboats and petroleum tank barges primarily on the U.S. West Coast and Gulf. Comparable as a domestic marine transportation provider moving petroleum products under Jones Act trade requirements.

Broad incumbents

• Kinder Morgan Inc. Kinder Morgan is the publicly traded parent of Kinder Morgan Terminals (which owns APT) and one of the largest U.S. energy infrastructure operators with pipelines, terminals, and marine assets. Comparable as the broader incumbent parent enterprise spanning APT's petroleum logistics value chain.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube-nocookie.com/channel/UCGodkFZt8Ca8Gb9DVtbigmQ/featured
• Facebookfacebook.com/KinderMorganInc
• LinkedInlinkedin.com/company/american-petroleum-tankers-llc

Revenue estimate

Valuation estimate

Number of profiles

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 American Petroleum Tankers