TOTE Goes Gas
Last month U.S. ship owner Tote Inc. shocked the maritime community in ordering the world’s first LNG-powered containerships; in one fell swoop energizing the U.S. shipbuilding sector. On the occasion of this historic contract, top executives from TOTE, NASSCO and MAN spoke to Maritime Reporter & Engineering News to weigh in on the deal’s significance. In recent decades, particularly in the large commercial ship niche, it is fair to say that the U.S. has not been a world force.
TOTE ‘Walks the Walk’
Having sat in this chair for more than two decades, I must admit that I have become somewhat jaded in the sense that there are few developments which actually give me cause to pause. Of course there are the spectacular casualties that will never cease to amaze, but on the business side there are very few real showstoppers. Then there was last month. Just as I was literally packing up to head down to New Orleans for the International Workboat Show, news broke that U.S. ship owner TOTE Inc.