General Dynamics NASSCO Delivers Fifth Product Carrier Ship
Today General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE:GD), delivered the fifth ship of its State-class product carriers to American Petroleum Tankers, LLC, a joint venture of the Blackstone Group. The ship is named Evergreen State, in honor of the state of Washington. A christening ceremony for Evergreen State (Hull 505) was held to commemorate the ship’s entrance into the U.S. Fleet. The ship’s sponsor was Carol Kurz, wife of American Petroleum Tankers’ Chief Executive Officer Robert Kurz. Carol Kurz broke the traditional bottle of champagne across the ship’s side in front of an audience of about 200 who had gathered at the shipyard to witness the ceremony.
NASSCO Begins Construction of Third Product Carrier Ship
General Dynamics NASSCO began construction of the third ship in its series of nine product carriers. The shipyard is scheduled to lay the ship’s keel in November and deliver the ship to U.S. Shipping Partners in the fourth quarter of 2009. In August 2006, General Dynamics NASSCO received a $1 billion contract from U.S. Shipping Partners to build the nine ships, which are designed to carry petroleum and chemical products in Jones Act trade between ports. The ships will be double-hulled, 183 meters (600.4 feet) in length and can carry cargo weighing up to 49,000 tons. U.S. Shipping Partners previously announced that the third ship will be named , in honor of the state nickname of .
NASSCO Begins Construction of New Line of Commercial Ships
General Dynamics NASSCO, a wholly-owned subsidiary of General Dynamics began construction of its first product carrier ship for U.S. Shipping Partners. NASSCO is building the ship from designs provided through its collaboration with DSEC of Korea, a subsidiary of Daewoo Shipbuilding and Marine Engineering. The San Diego shipyard is scheduled to lay the ship's keel in December and deliver the ship in early 2009. In August 2006, NASSCO received a $1b contract from U.S. Shipping Partners to build nine ships. The double-hulled ships will be 600.4 ft. in length, displace 49,000 dwt and will have a cargo capacity of about 331,000 barrels. They are designed to carry petroleum and chemical products in Jones Act trade.
NASSCO Begins Construction of New Commercial Ships
General Dynamics NASSCO began construction of its first product carrier ship for U.S. Shipping Partners (NYSE: USS). NASSCO is building the ship from designs provided through its collaboration with DSEC of Korea, a subsidiary of Daewoo Shipbuilding and Marine Engineering. The San Diego shipyard is scheduled to lay the ship’s keel in December and deliver the ship in early 2009. “Start of construction of a lead ship is the most significant activity for a shipyard,” said Frederick J. Harris, president of General Dynamics NASSCO. “As the leading builder of ocean-going Jones Act ships in the nation today, we are ready to build this ship. In August 2006, NASSCO received a $1 billion contract from U.S. Shipping Partners to build nine ships.
