Float-out
Event during ship construction marking the first time the ship is floated / From Wikipedia, the free encyclopedia
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Float-out is the process in shipbuilding that follows the keel laying and precedes the fitting-out process. It is analogous to launching a ship, a specific process that has largely been discontinued in modern shipbuilding. Both floating-out and launching are the times when the ship leaves dry land and becomes waterborne for the first time, and often take place during ceremonies celebrating and commemorating that event.