Trite as it may be, time is money, especially in the high-end cruise market that depends on millions of tourists spending ample sums of cash onboard today's floating cities. A cruise ship out of action can quickly translate to millions in lost revenue,
Todd Shipyards Los Angeles Division To Build Four 89,700-Dwt Tankers At A Total Cost Of $136 Million
Todd Shipyards Corporation recently announced that it has signed contracts for the construction of four 89,700-dwt tankers at approximately $34 million per vessel. Two of the tankers will be built for subsidiaries of Overseas Shipholding Group, Inc.