SEABULK TANKERS, INC. PLACES FOLLOW-ON ORDER FOR ONE PLUS ONE OPTION ECO PRODUCT TANKERS AT GENERAL DYNAMICS NASSCO
November 12, 2013 - FOR IMMEDIATE RELEASE—Seabulk Tankers, Inc., a wholly owned subsidiary of SEACOR Holdings Inc. (NYSE: CKH), entered into a contract with General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), for the design and construction of one 50,000 deadweight ton LNG-conversion-ready product carrier with a 330,000 barrel cargo capacity, plus an option for one additional vessel. Delivery is expected in the fourth quarter of 2016.
This order brings the total of on order vessels for Seabulk Tankers, Inc. at NASSCO to three (3) with an option for a fourth vessel.
Kevin Graney, vice president and general manager of General Dynamics NASSCO, said, “NASSCO remains committed to bringing the most economical and environmentally sound technology to Jones Act owners and operators. We are pleased to extend our partnership with SEACOR through a third and potentially a fourth ECO tanker. This follow-on order is a clear indication that NASSCO is the shipyard of choice for Jones Act tankers.”
Daniel Thorogood, president and COO of Seabulk Tankers, Inc., commented, "This additional order at NASSCO puts Seabulk firmly in position to serve our customers with some of the most modern, safe and fuel efficient Jones Act tankers available. With three tankers on order at NASSCO, Seabulk, as an integrated ship-owner and operator, will continue to offer safe and customer focused transportation solutions for many years to come."
For more information about General Dynamics NASSCO, please visit www.nassco.com. More information about General Dynamics is available online at www.generaldynamics.com. For additional information, contact Molly Hottinger at (954) 627-5278 or visit Seabulk Tankers’ website at www.seabulktankers.com.