This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

TOTE 3100 TEU Containerships Receive Prestigious Nor-Shipping Award

SAN DIEGO, June 12, 2013 /PRNewswire/ -- TOTE's 3100 TEU LNG-powered containerships took home the Next Generation Award at Nor-Shipping 2013 on June 4 in Oslo, Norway. TOTE, Inc. and General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), jointly applied for the award. The Nor-Shipping Next Generation Award recognizes the ship project that demonstrates the greatest advances in design, as assessed with respect to energy efficiency, innovation, suitability and flexibility; technology utilization; safety and security; and environmental sustainability.

TOTE awarded its 3100 TEU LNG-powered containership program to NASSCO in December 2012. When completed, the 764-foot-long containerships are expected to be the largest containerships in the world primarily powered by LNG, setting a new benchmark in "green ship" technology. Construction on the ships will begin in March 2014.

The containerships will be constructed at NASSCO's shipyard in San Diego and designed by DSEC, a subsidiary of Daewoo Shipbuilding & Marine Engineering (DSME) of Busan, South Korea. The design will include DSME's patented LNG fuel-gas supply system and a MAN ME-GI dual-fuel slow-speed engine.

In addition to the TOTE LNG-powered containerships, NASSCO recently entered into a contract with American Petroleum Tankers (APT) for the design and construction of at least four product carriers that will be ready for conversion to use LNG fuel. The 610-foot-long tankers are a new "ECO" design by DSEC that offers best-in-class fuel efficiency and incorporates the latest environmental protection features, including a ballast-water treatment system.

Fred Harris, president of General Dynamics NASSCO, said, "We're honored to be recognized by Nor-Shipping. The TOTE and APT programs demonstrate NASSCO's commitment to be one of the most innovative shipyards in the world. These Jones Act ships represent a prelude to an international shift to energy efficient and environmentally friendly ships."  

More information about NASSCO can be found at www.nassco.com.

More information about General Dynamics is available at www.generaldynamics.com.

SOURCE General Dynamics NASSCO

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,135.82 -36.86 -0.21%
S&P 500 1,991.05 -3.24 -0.16%
NASDAQ 4,522.9140 -4.7750 -0.11%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs