SAN DIEGO –

 General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), signaled the start of construction for the second of three 50,000 deadweight ton, 330,000 barrel cargo capacity product tankers for SEA-Vista Newbuild III LLC, a subsidiary of SEACOR Holding Inc. Each LNG-conversion ready product tanker will be constructed at the NASSCO shipyard in San Diego under Jones Act requirements and will continue to provide well-paying jobs in the local economy.

 

Representatives from General Dynamics NASSCO and SEA-Vista attended the start of construction ceremony held at the NASSCO shipyard on Thursday, June 25. The honoree, senior director for human resources at NASSCO, Debora Burke, signaled the beginning of construction by pressing a button to cut the first piece of steel.

 

"We are pleased to begin construction on the second state-of-the-art Jones Act-qualified tanker for our customer, SEA-Vista," said General Dynamics NASSCO vice president and general manager Kevin Graney. "NASSCO remains committed to building the most economical and environmentally-sound products for Jones Act owners and operators - and these tankers exemplify that commitment.

 

"These new 610-foot-long vessels are a continuation of the ECO MR Tanker design, offering improved fuel efficiency and incorporating the latest environmental protection features, including a Ballast Water Treatment System and reduced emissions.

 

The tankers were designed by DSEC, a subsidiary of Daewoo Shipbuilding &Marine Engineering (DSME) of Busan, South Korea. DSEC's ECO design achieves improved fuel efficiency through several features, including a G-series MAN ME slow-speed main engine and an optimized hull form. The tankers will have conversion-capable, dual-fuel-capable auxiliary engines and the ability to accommodate the future installation of an LNG fuel-gas system and tanks.

 

Each of these tankers will play a key role in offering SEA-Vista's customers the most modern and fuel efficient vessels available as they address their Jones Act transportation requirements for the movement of their current and projected crude oil and refined product volumes in the U.S.

 

For more information about General Dynamics NASSCO, please visit www.nassco.com.

 

For more information about SEACOR Holdings Inc., please visit www.seacorholdings.com. For more information about Avista Capital Partners, please visitwww.avistacap.com.