Into the waters of the East Pascagoula River last week slid the 492-foot, 8,900-ton cargo ship Exchequer - first ship launched from Ingalls Shipbuilding Corp.'s brand-new ways at Pascagoula, Miss. Lat est addition to the Maritime Commission's new U. S. merchant marine (500 ships in ten years), the $2,600,000 cargopassenger carrier held more than passing interest for U. S. shipbuilders. She was the largest all-welded general cargo ship ever built in the U. S.
Although Germany built her famed 10,000-ton pocket battleships without using a single rivet, she kept secret her welding methods...
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