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Uss Product Carriers News

10 Jul 2007

U.S. Shipping Partners JV Charters Tankers to Navy

U.S. Shipping Partners L.P. said that the U.S. Navy's Military Sealift Command has agreed to charter two new tankers being constructed for the Partnership's joint venture. The initial charter will be for twelve months at a cost of approximately $51 million. The Navy then has options to extend the charters via three one-year options and a further 11-month option, which if exercised would increase the cost to approximately $220m. The U.S. Navy said the ships would be deployed globally to transport petroleum products in support of US military forces. They will replace the current government-owned T-5 tankers that are expected to reach the end of their service life in 2010.

08 Aug 2006

NASSCO, U.S. Shipping Partners Finalize Contract

General Dynamics NASSCO has finalized a $1b contract with U.S. Shipping Partners L.P. (USS) to build nine product carrier tankers. The contract includes options for five additional ships. Construction of the first tanker is scheduled to begin in the third quarter of 2007, with delivery to occur by the second quarter of 2009. The product carrier tankers or “PCs” will be 183 m in length and 32.2 m in beam, with a design draft of 11.8 m. The ships are to be double hulled, weighing 49,000 dead weight tons (DWT) and will have a cargo capacity of 331,000 barrels. USS operates a fleet of 10 deep sea vessels that carry refined petroleum and chemical products among customer facilities along the U.S. coast and has 5 double-hulled, articulated tug barges on order or under construction.