Seabulk orders third Jones Act tanker at NASSCO

NOVEMBER 12, 2013 — Seabulk Tankers, Inc., a wholly owned subsidiary of SEACOR Holdings Inc. (NYSE: CKH), has 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. Delivery is expected in the fourth quarter of 2016 and the order includes an option for a furrther vessel.

Seabulk Tankers now has three vessels on order at NASSCO, with an option for a fourth vessel.

Kevin Graney, the shipbuilder's vice president and general manager, 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 shipowner and operator, will continue to offer safe and customer focused transportation solutions for many years to come."

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