Kinder Morgan $568 million agreement with Philly Tankers

5/8/2015

Joint venture

Value:

$ 568 million

Status:

Completed

Date:

5/8/2015

Overview:

Kinder Morgan and Philly Tankers signed an agreement whereby Kinder Morgan would take assignment of contracts to construct four new 50,000-deadweight-ton, Tier II tankers at the Aker Philadelphia Shipyard.
Each tanker has a capacity of 337,000 barrels.

Rani Mehta - Journalist

Jurisdiction:

United States

Deal type:

Joint venture

Practice areas:

M&A
Project development

Industry sector:

Shipping

Firm:

Bracewell

Party: KInder Morgan (Joint venture partner)

Lawyers: Cleland Dade, Gregory Bopp, Heather Brown, Robert Burns

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