Lykes A w a r d s $ 1 5 0 - M i l l i on C o n t r a c t To Build Four C o n t a i n e r s h i p s In Japan

Lykes Bros. Steamship Company of New Orleans last month signed contracts worth more than $150 million for construction of four 2,500-TEU containerships by a joint venture of two Japanese shipyards—Mitsui Engineering and Shipbuilding, and Mitsubishi Heavy Industries.

The 36,762-dwt ships will fly the American flag but will be built and operated without U.S. Government subsidy. According to Lykes president W. James Amoss, this was made possible by the cooperation of the four seagoing unions involved, which have agreed to lower manning requirements that compare favorably with foreign- flag containerships in the trans-Pacific trade where the new Lykes ships will operate.

Lykes is also negotiating with the Harland & Wolff yard in Belfast for construction of two similar containerships. If that deal falls through, Mr. Amoss has an option to build two additional ships at the Japanese yards.

Maritime Reporter Magazine, page 35,  Aug 15, 1984 Terminal Island

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First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.