NASSCO Will Build Six Tankers At Total Cost Of $ 3 0 0 M i l l i on

Frank J. Murphy, president of American Trading Transportation Company, Inc. of New York, N.Y., has announced the signing of a contract with National Steel and Shipbuilding Company, San Diego, for the construction of a series of up to six 50,000-dwt product carriers to expand American Trading's existing American-flag fleet.

Firm delivery dates for the first three vessels will be September 1982, November 1982, and March 1983. The base price for each of the vessels, subject to escalation, is approximately $50 million.

The new tankers will be approximately 658 feet in overall length, with a Panamax beam of just under 106 feet. The fully coated vessels will meet the latest Coast Guard safety and environmental requirements and will have segregated ballast systems with double bottoms, crude oil washing, and an inert gas system. The vessels will thus be capable of transporting both crude oil and a full range of petroleum products.

The 15-knot vessels will be powered by 11,400-bhp Sulzer slow-speed diesel engines, and will be fitted with fully automated engine rooms designed for unattended operation.

American Trading Transportation Company is a subsidiary of American Trading and Production Corporation, a diversified Baltimore- based concern with interests in oil and gas, real estate, consumer, and industrial manufacturing and transportation ventures.

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