Study Culminates In New Tug Contracts
Following a detailed six-month study assessing its contract towing requirements, Trailer Bridge, Inc. signed separate long-term agreements that match the best marine power units in the market with the company's vessel assets. In March 2001 Trailer Bridge finalized a long-term agreement with Moran Towing Corporation to exclusively utilize Moran's Heidi class 4,350 horsepower tugs to pull all four of the TBC's currently deployed by Trailer Bridge. This decision followed the excellent results produced through the Company's use of two Heidi class tugs. The Company's TBC vessels are utilized for weekly services between Jacksonville, FL and San Juan, PR, as well as Newark, NJ and San Juan, PR.
Trailer Bridge Study Culminates In New Tug Contracts
Following a detailed six-month study assessing its contract towing requirements, Trailer Bridge, Inc. signed separate long-term agreements that match the best marine power units in the market with the company's vessel assets. In March 2001 Trailer Bridge finalized a long-term agreement with Moran Towing Corporation to exclusively utilize Moran's Heidi class 4,350 hp tugs to pull all four of the TBC's currently deployed by Trailer Bridge. This decision followed the excellent results produced through the company's use of two Heidi class tugs. The company's TBC vessels are utilized for weekly services between Jacksonville, Fla., and San Juan, PR, as well as Newark, NJ and San Juan, PR.
