San Diego Business Journal

Nassco Gets Contract for New Tanker

Wednesday, November 13, 2013

General Dynamics Nassco announced Nov. 12 that it received a new contract to build a tanker for Seabulk Tankers Inc. Financial terms of the deal were not disclosed. The contract includes an option to build a second tanker.

Construction is set to begin in 2015 with delivery scheduled for the fourth quarter of 2016.

The ship will be 610 feet long with a 330,000 barrel cargo capacity. The owners will be able to convert the ship to liquefied natural gas propulsion at their discretion.

With the latest order, Nassco is now under contract to design and build seven tankers, with the option for one additional vessel. In September, Nassco entered into a contract with Seabulk for two tankers of the same design. That order was preceded by a contract in May for four vessels from American Petroleum Tankers.

Since the tanker will be built in Nassco’s Barrio Logan yard, it will meets Jones Act requirements that ships carrying cargo between U.S. ports be built in U.S. shipyards.

Seabulk Tankers are a wholly owned subsidiary of Seacor Holdings Inc.

— SDBJ Staff Report