TOTE orders two LNG fueled containerships from NASSCO

DECEMBER 4, 2012 — General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), reports that it has finalized a contract with TOTE, Inc., for the design and construction of

New MHI propeller promises major fuel savings

NOVEMBER 8, 2012 — Japan’s Mitsubishi Heavy Industries (MHI) has introduced a high performance propeller that it says can improve the propeller efficiency of containerships by 5 percent. This yields a potential

Orders for bigger containerships are in response to rising bunker costs

Despite weak freight rates and a poor time charter environment, containership operators are ordering ever larger vessels. Though this may seem counter-intuitive, shipbroker Braemar Seascope says it reinforces a trend that is