US $325m loan for ‘first’ LNG containerships

The financing from the US Department of Transport and MARAD enables Tote to invest in modern technology that will create jobs and reduce our impact on the environment

The US Maritime Administration (MARAD) is loaning US$324.6m to Tote Shipholdings and Saltchuk Resources for their Marline Class vessels which are said to be the world’s first LNG-powered containerships.

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