| NY Times Article Notes Revival Of Tugboat Industry |
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| Monday, 25 June 2007 17:06 | |||
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An article which appeared in the New York Times on Thursday notes a revival in the tugboat industry. The article features interviews with tugboat builders from the Great Lakes Towing Company, founded by John D. Rockerfeller in 1899, as well as the Foss Maritme Company, founded in 1889. The article attributes the rise in the number of new tugboat orders to the Oil Pollution Act, which requires vessels carrying petroleum products to be double-hulled by 2015. The additioanl weight of the vessels requires more powerful tugboats than are currently available. OSG America, a shipping company featured in the story, is planning a fleet of ocean-going 12,000-hp tugs. Click 'Read More'for more information about the article. According to the article, Washburn & Doughty is negotiating to purchase or lease two new sites near its factory in East Boothbay, ME, and will spend $7 million to build a new factory, adding 50 permanent jobs in the process. Also in the market for more space is Bollinger Shipyards in Lockport, LA. The company is looking to add a fourth shipyard. In all, orders for new tugs have increased from 10 per year to 60 per year and boat builders are struggling to keep ahead of the demand. In addition to the shortage of tugs, there is also a shortage of tugboat workers. One towing company, Moran Towing, is equipping its boats with DVD players, flat-screen televisions, high-speed Internet connections and more comfortable beds in an effort to entice young workers to sign on.
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