What will be the size of the largest containerships ordered by the end of this year?

10,000 TEU
12,000 TEU
15,000 TEU

September 15, 2006

Manitowoc pulling out of Toledo

According to a report in The Toledo Blade, Manitowoc Marine Group,yesterday met with and sent letters to local managers and employees saying it would cease operations at its Toledo Shiprepair Co. operation in Toledo, Ohio, by Oct. 31.

The newspaper says that Manitowoc, which has leased the shipyard from the Toledo-Lucas County Port Authority since 1992, also met with top officials of the port authority yesterday to say it would be activating a clause in the lease allowing it to move out after a notification period of 120 days.

Facilities at the yard include an 815 ft x 100 ft dry dock, able to dock ships up to 806 ft x 78 ft and a 515 ft x 100 ft dry dock that can accept vessels up to 500 ft x 75 ft. There is also a 1,800 ft conversion/repair berth.

The Toledo Blade report notes that "over the last several years, a package of public assistance was put together to modernize and upgrade the 'bare bones' facility, including $5 million in federal dollars, $1 million from Lucas County, and $1.5 million from the city of Toledo."

The newspaper quotes Jim Hartung, president of the port authority, as saying "I want an operator in that facility that is 100 percent committed, that will be aggressive in the marketplace to make that facility profitable. I'm not looking for an operator held there by some legality."


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