- Kinder Morgan Partners (KMP. KMI) agrees to buy two oil tanker companies from affiliates of Blackstone Group and Cerberus Capital Management for $962M.
- American Petroleum Tankers has a fleet of five medium range Jones Act qualified product tankers, each with 330K barrels of cargo capacity.
- State Class Tankers has ordered four medium range Jones Act qualified product tankers, each with 330K barrels of cargo capacity, scheduled to be delivered in 2015 and 2016; KMP plans to invest ~$214M to complete construction of the vessels.
Kinder Morgan Partners to buy two tanker companies for $962M
Dec 23 2013, 08:55 ET