These new TOTE, Inc. ships will be the most efficient in the trade. The ship design accommodates five times more 53-foot containers than current ships in Puerto Rico and will allow for the transport of everything from cars to corn syrup. The ships will include expanded volumes for refrigeration equipment, critical to ensure that pharmaceuticals, produce and other foodstuffs vital to the residents of Puerto Rico are delivered in the best possible condition. The maritime shipping trade to Puerto Rico is an essential part of sustained economic development for the Island and these vessels will provide the most modern, reliable service available. The total capital committed to the project is over $350 million. Anthony Chiarello, President and CEO of TOTE, Inc. said, “This investment demonstrates our commitment to the people of Puerto Rico and our environment. These vessels mark a new age of shipping using the best technology in the world." About TOTE, Inc. TOTE, Inc. is one of our nation’s leading marine transportation companies. TOTE, Inc.’s maritime subsidiaries include TOTE Shipholdings, Inc., Totem Ocean Trailer Express and Sea Star Line, which provide regular marine transportation for general cargo between the continental United States and Alaska and Puerto Rico. TOTE, Inc. is a wholly-owned subsidiary of Saltchuk Resources, Inc., a family owned, Seattle-based holding company of freight transportation and petroleum distribution companies. For more information, visit www.toteinc.com and www.saltchuk.com. Vessel Technical Specifications Principal Characteristics Length Overall: ................................... 764 ft. Breadth: ............................. 106 ft. (Panamax) Depth: ................................................ 60 ft. Draft: ................................................. 34 ft. Propulsion Plant Main Engine Type: .... Dual Fuel Slow Speed (x1) Main Engine Model: ......... MAN 8L70ME-C8.2-Gl Main Engine MCR: ......... 25,191 kW x 104.0 rpm Main Engine NCR: ........... 21,412 kW x 98.5 rpm Aux Engine Type: . Dual Fuel Medium Speed (x3) Speed Speed: ............................................ 22.0 kts Totem Ocean Trailer Express, Inc. press release |