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From Reuters -

U.S. Shipping Partners LP said on Wednesday its subsidiary, USS Product Carriers, has contracted with National Steel and Shipbuilding Co., or NASSCO, to build nine double-hulled tanker at a cost of $1 billion.

NASSCO, a subsidiary of General Dynamics Corp. is scheduled to deliver the first tanker in the second quarter of 2009 with subsequent tankers delivered every six to eight months. The contract gives U.S. Shipping an option to construct five more tankers

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