General Dynamics Quincy Yard Will Build Four Containerships For USL At Cost of $341 Million
A contract between General Dynamics and United States Lines, Inc. calls for the construction of four big containerships at a total cost of $341,236,000. General Dynamics will not only build the ships, at its Quincy yard, but will also own them and charter them to USL.
The vessels will be powered by fuel-efficient, slow-speed diesel engines. Each will have a capacity of 1,200 40-foot containers. They will operate in U.S. foreign trade. Four General Dynamics subsidiaries— Concord I, II, III, and IV Maritime Corporations—have applied to the Maritime Administration for Title XI mortgage loan insurance to aid in financing the vessels. The application stated that delivery of the first ship would be in the fall of 1986, with the three others following at three-month intervals.
U.S. Lines has not announced the intended deployment of the vessels.