The full writeup is here:

http://ore.lefora.com/2011/06/05/ore-completes-vos-first-player-owned-capship/#post0

For those of you who are not familiar with the story behind player owned cap ships, these have been long anticipated and eagerly awaited.  The crafting tree to make one of these is massive; one player once calculated that it would take a single individual something like a year to make one.  This is a significant achievement.

As I understand it, once you have built a cap ship if it gets destroyed you can buy it back for a "mere" 500,000 credits, which is a hiccup compared to the effort required to make one in the first place.  It will be interesting to see what the guild [ORE] does with this new force in the galaxy.

If you look at the screenshots, turrets are clearly visible on the dorsal and ventral sides.

Congratulations go out to [ORE] and to all who participated in this effort.