Philly Shipyard announces TOTE Maritime as its partner under the previously disclosed Letter of Intent ...
(WorldNews Norway)

Philadelphia, PA (August 17, 2017). Reference is made to a release today by Saltchuk where the company announced its plan to expand its domestic shipping services to Hawai`i under its TOTE Maritime brand (TOTE). Philly Shipyard, Inc. (PSI), a wholly-owned subsidiary of Philly Shipyard ASA (Oslo: PHLY), is a part of this venture and can confirm that the previously announced Letter of Intent (LOI) for the construction and sale of up to four new, cost-efficient and environmentally friendly containerships for the Hawai`i trade that was entered into between PSI and TOTE.