American-Phoenix Ship Details and Seafarer Feedback

Genesis Energy, L.P., based in Houston, has made waves in the maritime industry by announcing a deal on October 23 to purchase the MT American Phoenix, a Jones Act-compliant tanker, along with two accompanying charters and management agreements from Mid Ocean Tanker Company (MOTC) for approximately $157 million. The MT American Phoenix, a state-of-the-art vessel with a capacity of 330,000 barrels, was constructed by BAE Systems in Mobile, Alabama, and delivered to MOTC in October 2012. MOTC operates as a joint venture between Mid Ocean Marine, a privately held firm, and private equity player Alterna Capital Partners. Currently, the American Phoenix is under long-term charters that extend through 2020, operating with reputable counterparties, including a prominent integrated oil company, as per Genesis's reports. Notably, when it was launched in 2011, the MT American Phoenix was recognized as the largest ship ever built in Alabama, measuring an impressive 616 feet in length and 105 feet in width, with a laden draft of 36 feet and a deadweight tonnage (DWT) of 49,000. This acquisition not only highlights Genesis Energy's commitment to expanding its maritime assets but also strengthens its position in the competitive maritime sector.

On July 18, 2012, the Mid Ocean Tanker Company (MOTC) proudly announced the commissioning of the American Phoenix, a U.S.-flagged chemical tanker with a deadweight tonnage of 49,000 dwt. This remarkable vessel, measuring 616 feet in length, 105 feet in beam, and a draft of 36 feet, marks a historic milestone as the largest ship ever constructed in Alabama. The American Phoenix was completed by BAE Systems Southeast Shipyards located in Mobile, AL. Originally initiated by the now-defunct shipbuilder AHL, as part of a trio of vessels, the American Phoenix went through a significant change of fortunes when it was acquired by MOTC at a bankruptcy auction for $12.65 million. Following this acquisition, BAE Systems received a contract to finalize the construction and prepare the ship for active service. For more details, visit http://marinelog.com/index.php?option=com_content&view=article&id=2677:us-tanker-american-phoenix-commissioned-by-motc&catid=1:latest-news&Itemid=195.