WOW! Happy positive news to report here for once!

Never let them tell you the Jones Act is DEAD! This news today from Tim Colton’s Maritime Memos page

Four plus Four for NASSCO

Excellent news for our #1 merchant shipbuilder: American Petroleum Tankers, (APT), has signed up for four “ECO”-class 50,000-dwt product carriers, with options for up to four more. Read the announcement here. Note that these ships will be of a slightly different design from the five “State”-class ships and are described as being “LNG-conversion-ready”. May 31, 2013.

GO NASSCO and APT!

DOH! I just found that the good folks here at gCaptain got the memo before me:

NASSCO Wins Order for LNG-Ready Jones Act Product Tankers
By gCaptain Staff On May 31, 2013

San Diego-based shipyard, General Dynamics NASSCO signed a contract today with an affiliate of American Petroleum Tankers (APT) for the design and construction of four 50,000 deadweight ton LNG-conversion-ready product carriers with a 330,000 barrel cargo capacity.

The contract includes options to build four additional ships.

Fred Harris, President of General Dynamics NASSCO, commented in an emailed statement:

“By continuing to bring the most economical and environmentally sound technology to Jones Act operators, these ECO tankers show our continued commitment to be one of the most innovative shipyards in America. I am pleased to renew our partnership with APT on this exciting new program. Along with TOTE, this is the second return customer we have welcomed back to NASSCO within the past six months, which speaks to the high-quality workmanship of our skilled workforce.”

APT was formed in 2006 to construct and operate product tankers in the domestic petroleum trades and is majority owned by Blackstone, a a global investment and advisory firm. Their 5 ships are technically managed and operated by Crowley.

The following was released by General Dynamics NASSCO today:

Construction of the first tanker is scheduled to begin in the third quarter of 2014, with deliveries scheduled to begin in the fourth quarter of 2015, continuing through 2016. The four-ship APT contract will add up to approximately 800 jobs at NASSCO during construction and more than 165 seagoing union jobs during the operation of the vessels.

The 610-foot-long tankers are a new “ECO” design that offers improved fuel efficiency and incorporates the latest environmental protection features, including a Ballast Water Treatment System. All of the ECO-class tankers will be constructed at the NASSCO shipyard in San Diego. This contract builds upon the strong relationship NASSCO and APT developed during the construction of five State-class product carriers from 2007 to 2010.

The ships will be 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 dual-fuel-capable auxiliary engines and the ability to accommodate future installation of an LNG fuel-gas system. The ECO-class tankers represent the continuation of NASSCO’s successful partnership with DSEC, which was a partner on the five APT State-class product tankers and currently is contributing to two LNG-powered containerships for TOTE Shipholdings, Inc.

Rob Kurz, CEO of APT, said, “This investment demonstrates our continued commitment to building and operating ships for the U.S. Jones Act trade. We are proud to bring new U.S.-built tonnage into the market at this exciting time, helping our country achieve its long-standing strategic objective of energy independence.”

so I am thrilled to say it again: GO NASSCO & GO APT!

Maybe, the day of the ATB’s might be passing as well…

Good to hear!! After OPA it was getting thin out there for tanker work