NASSCO Lays Keel of Fifth Product Carrier

General Dynamics NASSCO, a wholly-owned subsidiary of General Dynamics (NYSE: GD), laid the keel of the fifth ship of its State-class product carriers.  The ship will be named Evergreen State, the state nickname of Washington.

NASSCO began constructing the future Evergreen State last May.  The ship will be double-hulled and have a cargo capacity of approximately 331,000 barrels.  It will be used in Jones Act service, carrying petroleum and chemical products between U.S. ports.  The shipyard anticipates delivering the vessel to American Petroleum Tankers, LLC, in the fourth quarter of 2010. 

(www.nassco.com)