Totem Ocean Trailer Express (TOTE) acquired for $47M

Acquired from Sun Investment Company, TOTE owns two roll-on roll-off vessels, the S.S. Great Land and S.S. Westward Venture, serving the Alaska trade.

TOTE first launched in Seattle in 1975, moved to Tacoma in 1976, and competed with SeaLand in the era when 99% of all cargo exported to Alaska arrived by water.